Decree of the Foreign Trade Minister No. 105 / 1960 Coll.
Ordinance on the Establishment of Rapid, Foreign Trade Promotion Company
Valid
Effective from 01.07.1960
105
DECLARATION
Minister for Foreign Trade
of 29 June 1960
on the establishment of Rapid, a promotion company in foreign trade
The Foreign Trade Minister provides, in an agreement with the Ministry of Finance pursuant to § § § 2 and 20 of Act No. 119 / 1948 Coll., on the State Organisation of Foreign Trade and International Sailing:
Rapid is established, a Czechoslovak advertising agency (hereinafter referred to as "the enterprise ').
The place of residence is Prague.
(1) The main business of the enterprise is:
(a) the exclusive implementation of agency promotion activities of all kinds related to foreign trade, including export and import of services and printed matter intended for promotion, the establishment of necessary facilities abroad for the purpose of promoting Czechoslovak products and the provision of publishing activities;
(b) organisation of exhibitions (and participation in exhibitions) for Czechoslovak and foreign enterprises and organisations in the Czech Republic where they are relevant for foreign trade, with the exception of the International Fair in Brno;
(c) the import and export of means of promotion other than those referred to in (a).
(2) The undertaking is entitled to conduct all business related to its business.
(1) The company is a separate legal entity and a separate economic organisation, operating according to a chozrasčet; be responsible for its obligations under its assets.
(2) The State does not guarantee the conduct and commitments of the undertaking.
(3) The assets of the undertaking may not be claimed to satisfy the claims of the State or of undertakings and other organisations.
(4) As owner of immovable property, an enterprise is entered in the land register.
(1) The undertaking is managed and managed by the Central Director appointed and withdrawn by the Minister for Foreign Trade.
(2) The Central Director represents the undertaking externally and is entitled to all measures and decisions in the management of the undertaking.
(3) The Minister for Foreign Trade may appoint one or more Deputy Directors. The Deputy Director shall represent the Central Director in full capacity.
(4) When appointing the Minister for Foreign Trade, the Central Director and his Deputy Directors undertake to carry out their duties conscientiously.
The core capital of the company is CZK 20 000 000.
(1) The company is under the responsibility of the Ministry of Foreign Trade.
(2) The Minister for Foreign Trade will issue more detailed provisions on the tasks of the undertaking, its organisation and its activities, the responsibilities of its staff and the supervision of the Ministry of Business. The financing, payment and financial control regulations shall be issued by the Minister of Finance in agreement with the Minister for Foreign Trade.
The law and obligations of the Czechoslovak Chamber of Commerce, which were created in connection with the implementation of an activity which is the subject of the undertaking's business, are transferred to the company on the day of the entry into force of this decree, in particular the rights and obligations of the representative contracts, cooperation agreements with foreign agencies, etc.
This Decree shall take effect from 1 July 1960.
Minister:
Krajčir v. r.
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Regulation Information
| Citation | Decree of the Foreign Trade Minister No. 105 / 1960 Coll., on the establishment of Rapid, an enterprise for promotion in foreign trade |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 11.07.1960 |
|---|---|
| Effective from | 01.07.1960 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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