Act No. 249 / 1949 Coll.
The Act on Financial Relief in the organisation of certain legal relationships between cooperatives, associations and other legal entities
Valid
Effective from 13.12.1949
249.
Law
of 17 November 1949
on financial concessions in the organisation of certain legal relationships between cooperatives, associations and other legal entities.
The National Assembly of the Czechoslovak Republic decided on the following Act:
In order to extend and build more socially advanced forms of management and thereby facilitate the construction and rebuilding of the Czechoslovak economy, and also for the economic organisation of other organisations, financial relief shall be granted to the extent specified below.
Relief in the organisation of certain situations of cooperatives and other legal services.
Relief for merging teams.
Where two or more cooperatives are involved, the fees, enrichment tax, trade tax, securities and the levy on official acts in administrative matters (hereinafter referred to as "fees') shall be exempt:
1. the legal acts, documents and library records required for the transfer of the assets of the cooperative merging to the acquiring cooperative;
2. the lodging, the official copy and the official acts, if necessary for the completion of the merger.
Relief for the transformation of companies into cooperatives.
Where a trading company transforms into a cooperative in the public interest, in particular in order to implement a single economic plan or to move towards higher forms of management, the following shall be exempted:
1. legal proceedings, procedural documents, official copies and official acts, where necessary for their conversion;
2. instruments of conversion, unless they contain other charged arrangements which are not needed to carry out the conversion.
Relief for certain transfers of assets to cooperatives.
Where the assets (an individual establishment, part of the assets) of a cooperative are transferred to another cooperative, or where the assets of a trading company or association are transferred in the public interest, in particular in order to implement a single economic plan or to move to higher forms of management, to a cooperative, the legal proceedings, documents and library records of the transfer of that property to the cooperative shall be exempt from fees.
Relief for transfers of assets in the organisation of the ratios of associations and foundations.
Where the assets of a sorority or foundation which have ceased to exist by merger or cancellation are transferred to another association, to another foundation or legal person as a result of the reorganisation of political and economic conditions and with the agreement of the competent central office or regional national committee, the legal acts, documents and library records required to transfer such property shall be exempt from the fees.
Relief in certain transfers of assets in the public interest.
Relief for certain other transfers of property.
The Government may, by order, waive or reduce the fees for transfers of assets to a legal person where such transfers are carried out in the public interest, in particular in the context of a new public administration or economy; for each such transfer of assets, the Ministry of Finance may grant the same relief.
Provisions common and final.
General benefit from the increase in property value.
The transfer of real estate for which relief is granted under this Act shall not be subject to regulations and shall not be subject to a municipal levy on the increase in the value of real estate.
Transitional provisions.
(1) The provisions of Sections 1 to 7 also apply to transfers of assets and conversions which have been carried out after 31 December 1947, and also to transfers of assets of the companies carried out under the measure or at the initiative of the public authority (Action Committee), but for which consent is not required. For transfers and transformations carried out before that date, in the Czech countries after 5 May 1945, in Slovakia after 29 August 1944, the Regional National Committees may grant the same concessions. The fees paid before the declaration of this law are not refunded.
(2) Supplies made before 31 December 1948 in respect of transfers of assets referred to in the previous provisions are exempt from turnover tax and from the price compensatory amounts. Paragraph 11 (5), first sentence and Section 11 (6) of the Act of 21 February 1946, No 31 Coll., on turnover tax, however, remain unaffected.
Efficiency and implementation of the law.
This Act shall take effect on the day of its publication and shall expire on 31 December 1953, but the Government may, by regulation, extend its effectiveness in whole or in part until the end of 1953; It shall be implemented by the Minister for Finance in agreement with the Minister for the Interior.
Gottwald v. r.
Dr John v. r.
Zaporocký v. r.
Cable v. r.
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Regulation Information
| Citation | Act No. 249 / 1949 Coll., on the Financial Relief of certain Legal Relations of Cooperatives, Associations and Other Legal Persons |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 13.12.1949 |
|---|---|
| Effective from | 13.12.1949 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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