Act No. 161 / 1949 Coll.
Law on the treatment of certain financial ratios of other national undertakings
Valid
Effective from 01.01.1949
161.
Law
of 15 June 1949
on the adjustment of certain financial ratios of other national undertakings.
The National Assembly of the Czechoslovak Republic decided on the following Act:
(1) The provisions of Sections II to VI of the Act of 11 March 1948, No. 51 Coll., on the modification of certain financial ratios of national industrial and food undertakings, also apply to national undertakings established under:
Act of 28 April 1948, No. 118 Coll., on the organisation of wholesale activities and on the nationalisation of wholesale enterprises,
Act of 28 April 1948, No. 120 Coll., on the nationalisation of commercial enterprises with 50 or more active persons,
Law of 5 May 1948, No. 122 Coll., on the organisation and nationalisation of travel agencies, and
Act of 5 May 1948, No. 124 Coll., on the nationalisation of certain innkeeper and innkeeper enterprises and accommodation facilities.
(2) The Government shall, by way of derogation from the relevant provisions of Act No 51 / 1948 Coll., define the concept of common assets by the regulation for the different types of national undertakings referred to in paragraph 1, taking into account their nature.
(3) The relevant Minister within the meaning of Act No 51 / 1948 Coll. is the Minister to whom the undertakings are to be set up.
(1) National undertakings subject to the provisions of Article I (1) pay the surpluses of their profits to the National Economic Fund established under § 9 of Decree of the President of the Republic of 24 October 1945, No 100 Coll., on the nationalisation of mines and certain industrial enterprises.
(2) Paragraph 15 of Act No. 118 / 1948 Coll., Section 10 of Act No. 120 / 1948 Coll., Section 11 of Act No. 122 / 1948 Coll. and Section 13 of Act No. 124 / 1948 Coll. is deleted.
Paragraph 13 (2) of the Act of 20 July 1948, No 181 Coll., on the organisation of money, is amended and read as follows:
"(2) Banks - National enterprises pay to the Fund of the National Economy the surplus of their profits after the necessary grant of the reserve fund, the part due to the single fund of workers and the deduction of the amounts to be determined by the Minister for Finance for Special Purchases."
Paragraph 9 of the Decree of the President of the Republic of 24 October 1945, No 103 Coll., on the nationalisation of private insurance undertakings, is amended and read as follows:
"Insurance undertakings - national undertakings shall pay to the Fund of the National Economy the surplus of their profits after the necessary subsidy of the funds of the insurance undertakings, after payment of the part corresponding to the single fund of the workers and after deduction of the amounts determined by the Minister of Finance for the purposes of the insurance sector and its acquired and protective activities. '
This Law shall take effect on 1 January 1949; It shall be implemented by the Finance Minister in agreement with the Ministers involved.
Gottwald v. r.
Dr John v. r.
Zaporocký v. r.
Cable v. r.
Sign in for notes, favorites and notifications
Regulation Information
| Citation | Act No. 161 / 1949 Coll., on the treatment of certain financial ratios of other national enterprises |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 30.06.1949 |
|---|---|
| Effective from | 01.01.1949 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
Comments 0