Government Decree No 222 / 1993 Coll.
Government regulations on the issue and use of investment coupons
Valid
Effective from 17.08.1993
222
GOVERNMENT REGULATION
of 14 July 1993
on the issue and use of investment coupons
The Government pursuant to § 46 (2) of Act No. 92 / 1991 Coll., on the Conditions for Transfer of State Assets to Other Persons, as amended by Act No. 544 / 1992 Coll., provides:
INVESTMENT BUDGET
Coupon books consist of registration cards I and II and coupon sheets. Each of these cards and each coupon sheet are marked with a coupon book number.
Registration cards I and II shall contain the following particulars:
(a) the acquisition price of the investment coupon;
(b) the natural number of the owner of the investment coupon, his name, surname, title, address of his permanent residence, signature of the owner and date of his signature;
(c) the registration number, the signature of the employee of the registration post and the date of issue of the investment coupon;
(d) the date of the first day of the period in which the registration of coupon books may be carried out (hereinafter referred to as the "date of issue of investment coupons").
(1) Each coupon book contains coupons in the following composition:
(a) two coupon sheets, each for a single order of 1000 investment points;
b) two coupon sheets, each for order for twice 500 investment points,
(c) four coupon sheets, each for order for five times 200 investment points;
(d) six coupon sheets, each for five times 100 investment points.
(2) Each coupon sheet consists of three parts marked with letters A, B, C, each of which is marked with the order number of the coupon sheet. Parts B and C are separable.
(1) A coupon book can be purchased by any natural person for the price of 50 CZK.
(2) The purchase price of the investment coupon is CZK 1000. This price is valid when registering a coupon book with a coupon stamp that improves to registration card II.
(3) The coupon stamp has dimensions of 23 mm x 30 mm, contains a large state emblem of the Czech Republic and a designation of the acquisition price 1000 CZK.
(1) The registration of coupon books is carried out at registration points established by the Ministry of Finance. The registration place shall verify, on the basis of a card or other document replacing it, whether the person submitting the coupon book to the registration complies with the conditions prescribed for entitlement to the investment coupon (1) and whether the information given on the registration cards I and II are identical and corresponding to the facts. If those conditions are met, and the data on the registration cards are identical and accurate, the registration place shall be carried out.
(2) The registration office shall affix the two registration cards with the signature of the official of the registration post, the date of issue of the investment voucher and the registration stamp, which shall be reprinted with the coupon stamp applied. The registration stamp shall bear the registration number and the date of issue of the investment coupons.
(3) The registration referred to in paragraphs 1 and 2 shall also be deemed to have been made on the replacement registration card in the event of a temporary shortage of coupon books. The registration of the coupon book shall be carried out retrospectively within a specified period. No coupon mark is required for additional registration.
The registration space will separate the registration card I from the coupon book and send it to the central register of the Ministry of Finance without undue delay.
(1) If more coupon books have been registered for one citizen, only the first registration is valid. Registration carried out outside the period determined by the Ministry of Finance shall be void.
(2) Paragraph 1 is without prejudice to Articles 5 (3) and 15.
(3) In the case of an invalid registration referred to in paragraph 1, the compensation for the purchase price paid for the investment coupon shall not apply.
(4) The owner of the investment coupon may, until the end of the relevant privatisation wave, apply to the registration point which registered his coupon book to change the registration point.
PRIVATISING GROUPS AND PRIVATISTICAL COLS
(1) Within each privatisation wave, shares are offered in individual privatisation rounds.
(2) Only shares with a nominal value of CZK 1000 can be offered for investment coupons.
Each privatisation round has the following four phases:
(a) determining and publishing the rates offered in the relevant privatisation round for sale for investment coupons; the exchange rate for the purposes of this Regulation means the number of shares of the relevant nominal value offered per 100 investment points or per different full multiple of 100 investment points;
(b) ordering shares;
(c) collection and evaluation of orders,
(d) the announcement of the results of the privatisation round.
INVESTMENT AND LEVEL FUNDS
The transfer of investment points to investment funds or share fund m2) to the owner of investment coupons and the taking over of investment points by investment funds shall be carried out in accordance with Part Four.
ORDER AND SETTLEMENT OF ACTIONS
(1) The holder of an investment coupon shall, when ordering shares or transferring investment points to an investment fund or a holding fund, enter into a pre-printed box on the coupon note the identification number of the public limited liability company whose shares he orders or the identification number of the investment fund or share fund to which he transfers investment points ("order"). The pre-printed number behind the frame determines the number of investment points that are consumed by entering the identification number in the box for those purposes.
(2) If the data given on each part of the same coupon note do not agree with each other, the data given on the "C" part of that coupon note shall be valid. When Part C is destroyed or lost, the data given in Part B of this coupon note shall be valid.
(3) The box on each part of the coupon sheet forms a row. The owner of the investment coupon fills these lines from the top down. On episode C, the owner shall enter in a separate box how many rows of this part he has entered in the identification number referred to in paragraph 1. If this figure is less than the number of rows actually filled in, the valid data are only valid on the relevant number of highest rows. If there is no indication in this specific box, this defect results in the order being invalid.
(1) The receipt of the order can be confirmed by the fact that the completed coupon note on all three parts is stamped, dated and signed by the mailroom worker.
(2) The office is not obliged to check the data on the coupon note and is not responsible for the inaccuracy of the data.
(3) The amount of CZK 5 is paid in the delivery room for each coupon sheet received.
(4) A coupon sheet which is unlegibly filled, cremated or otherwise damaged may be refused by the office when the order is made.
The office sends part C of each coupon sheet taken over without undue delay for the central processing of orders. Part B of each coupon note taken over shall remain with the competent administration for a period specified by the Ministry of Finance. Part A of this coupon note remains in the coupon book as proof of receipt of the order.
Investment coupons which have not been used in the privatisation wave for which they have been issued or which have not been fully used may not be used in the next privatisation wave.
FINAL PROVISIONS
(1) In cases of consumption, loss, theft, damage or destruction of coupons, the holder of an investment coupon may apply for the registration of a new coupon book at the same registration place where his original coupon book is registered.
(2) The owner referred to in paragraph 1 shall pay the amount of CZK 500 for the registration of the new coupon book, before making the registration, to the special account of the Ministry of Finance. The registration of a new coupon book does not increase the entitlement laid down by law.
(3) From the date on which it was carried out in accordance with the previous paragraphs of the registration of the coupon book, the right laid down by law or the remaining part of that claim may be exercised only on coupons of such newly registered coupon books.
(1) The information which the Ministry of Finance is required to publish shall be made public, in particular through registration offices and post offices, where appropriate by other appropriate means.
(2) In order to provide individual information to the holders of the investment coupon and investment and share funds and to deal with their applications and complaints related to the procedure of the Ministry of Finance and, where applicable, of the registration points, the registration point for which the holder of the investment coupon has a registered coupon book and for which the investment or share fund is registered is the competent authority.
Forms of still unused coupon books issued in the Czech and Slovak Federal Republic for the first wave of coupon privatization with a sticker with a state emblem of the Czech Republic and a coupon stamp (§ 4 (3)) can be used in the Czech Republic without any damage to rights also for the second wave of coupon privatization. For these coupon books:
(a) the issuer of investment coupons is the Ministry of Finance;
(b) "date of registration" means the date of issue of the investment coupon;
(c) "date of issue" means the date of issue of investment coupons;
(d) "coupon number" means the serial number of the coupon sheet;
(e) "residence address" means the address of the place of permanent residence;
(f) the power of attorney shown on the back of registration card No II shall not apply.
Decree of the Government of the Czech and Slovak Federal Republic No. 383 / 1991 Coll., on the issue and use of investment coupons, as amended by the Decree of the Government of the Czech and Slovak Federal Republic No. 69 / 1992 Coll. and Decree of the Government No. 103 / 1993 Coll.
This Regulation shall enter into force on the day of its publication.
Prime Minister:
Doc. Ing. Klaus CSc. v. r.
Minister of Finance:
Ing. Coachman CSc. v. r.
1) Paragraph 24 (1) of Act No. 92 / 1991 Coll., on the terms of the transfer of State property to other persons, as amended.
2) Paragraph 24 (3) (c) of Act No. 92 / 1991 Coll., as amended.
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Regulation Information
| Citation | Government Decree No 222 / 1993 Coll., on the issue and use of investment coupons |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 17.08.1993 |
|---|---|
| Effective from | 17.08.1993 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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