Decree of the Foreign Trade Minister No. 153 / 1965 Coll.
Decree of the Minister for Foreign Trade on certain amendments to Decree of the Minister for Foreign Trade No 307 / 1953 Ú. l., on the conversion of Kovo, a public limited company for the import and export of precision machinery products, to a company for foreign trade
Valid
Effective from 01.01.1966
153
DECLARATION
Minister for Foreign Trade
of 28 December 1965
concerning certain changes in the Foreign Trade Minister Order No 307 / 1953 Ú. l., the transformation of Kovo, a joint stock company for the import and export of precision machinery products, into a foreign trade firm
The Foreign Trade Minister provides in an agreement with the Minister of Finance pursuant to § 2, 18 and 20 of Act No. 119 / 1948 Coll., on the State Organisation of Foreign Trade and International Sailing:
The Decree of the Minister for Foreign Trade No 307 / 1953 Ú. l., on the conversion of Kovo, a public limited company for the import and export of precision machinery products, to an undertaking for foreign trade, is amended as follows:
1. In Paragraph 1, the name of the undertaking is changed by:
KOVO, foreign business.
Article 2 (1) reads as follows:
"(1) Foreign trade is the object of the business, in particular the export and import of electronics and weak-current technology products, radio and television broadcasting centres, measuring and automation products, medical technology products, hospital equipment, office and mathematical machines, as well as equipment for the manufacture of radios, televisions, magnetophones, gramophones and their components.
The authorisation of an undertaking shall also include the supply of parts of equipment, spare parts, components, projects, assembly and technical assistance, or construction parts of supplies, in so far as this relates to the goods reserved to the undertaking. '
3.
(1) The undertaking is a separate legal entity.
(2) The company is an economic organisation which manages itself and is responsible for its obligations with its assets.
(3) Neither the State nor any other organisation is liable for the undertaking's actions and commitments.
(4) The company is not liable for the obligations of the State or other organisations.
(5) An undertaking shall be registered as owner of immovable property. '
4. In Article 5, the words "the Director-General 'are replaced by the words" the Director-General'.
5.
(1) The company is under the responsibility of the Ministry of Foreign Trade.
(2) The Minister of Foreign Trade issues further provisions on the mission and main tasks of the enterprise, its organisation, management, conduct of business and supervision of the Ministry of Foreign Trade. The financing, lending, payment, invoicing and cash operations of an undertaking shall be governed by specific rules. ';
6. The following Section 8a is inserted after Section 8:
The company may conclude contracts for associations with supplier and customer economic organisations to improve supply and customer relations and to improve the economic efficiency of foreign trade and production. ';
This Decree shall take effect on 1 January 1966, with the exception of Article I (2), which shall take effect on 1 July 1966. *)
Minister:
Hamouz v. r.
*) The subject matter of the business according to § 2 (1) of Decree No 307 / 1953 Ú. l.
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Regulation Information
| Citation | Decree of the Minister for Foreign Trade No 153 / 1965 Coll., on certain amendments to the Order of the Minister for Foreign Trade No 307 / 1953 Ú. l., on the conversion of Kovo, a public limited company for the import and export of precision machinery products, to an undertaking for foreign trade |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 31.12.1965 |
|---|---|
| Effective from | 01.01.1966 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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