Decree of the Government of the Czech and Slovak Federal Republic No. 69 / 1992 Coll.
Ordinance of the Government of the Czech and Slovak Federal Republic amending and supplementing the Ordinance of the Government of the Czech and Slovak Federal Republic No. 383 / 1991 Coll., on the issue and use of investment coupons
Valid
Effective from 28.02.1992
69
GOVERNMENT REGULATION
Czech and Slovak Federal Republic
of 30 January 1992
amending and supplementing the Decree of the Government of the Czech and Slovak Federal Republic No 383 / 1991 Coll., on the issue and use of investment coupons
The Government of the Czech and Slovak Federal Republic orders pursuant to § 46 paragraph 2 of Act No. 92 / 1991 Coll., on the terms and conditions of transfer of the State's assets to other persons, in agreement with the Government of the Czech Republic and the Government of the Slovak Republic:
Decree of the Government of the Czech and Slovak Federal Republic No. 383 / 1991 Coll., on the issue and use of investment coupons, is amended as follows:
1. In Article 7, the following paragraph 4 is inserted after paragraph 3:
"(4) The Federal Ministry of Finance shall determine which registrations made differently from the provisions of paragraphs 1 to 3 shall be deemed to have been made under paragraphs 1 to 3."
2. In the first sentence of Article 10 (2), the word "projects' is replaced by" referred to in Article 3 (1) '.
3. In Article 11 (2), the words "and on investment privatisation funds (Article 16) 'are deleted.
4. The following Section 16a is inserted after Section 16:
(1) A member of the board of directors or supervisory board of the investment privatization fund cannot be a member of a civil authority of the Czech and Slovak Federal Republic, the Czech Republic, the Slovak Republic or a worker of the Czechoslovak State Bank.
(2) The investment privatisation fund is obliged to publish the conditions under which its activities have been authorised by the Ministry of the Republic, including information on the current composition of the Board of Directors and the Supervisory Board, before the start of the pre-round (§ 17). "
5. In Paragraph 17, the following paragraph 3 is inserted after paragraph 2:
"(3) The front wheel is not part of the privatisation wave. A pre-round may not be initiated unless a list of all investment privatisation funds to which investment points may be transferred pursuant to paragraph 1 is published. The pre-round cannot be completed before the publication of the last list of projects (Section 3 (1)) for the relevant privatisation wave. '
The remaining paragraphs of Paragraph 17 are renumbered.
6. The following Section 17a is inserted after Section 17:
(1) The investment privatisation fund is obliged to order shares in such a way that the shares of any public limited-liability company which it acquires after the end of the privatisation wave do not account for more than 10% of the shares acquired by the fund and at the same time do not account for more than 20% of all shares issued by that public limited-liability company.
(2) Investment privatisation funds set up by the same founder are required to order shares in such a way that the total of shares of any public limited-liability company which they acquire after the end of the privatisation wave is not more than 40% of the shares issued by that public limited-liability company.
(3) Where an investment privatisation fund orders shares contrary to the restrictions referred to in paragraphs 1 and 2, the Federal Ministry of Finance shall provide that the relevant orders applied by that investment privatisation fund are only partially satisfied in order to comply with those restrictions. Investment points corresponding to this reduction may be used by the investment privatisation fund in other privatisation rounds. Paragraph 24 (4) is without prejudice to this.
(4) Paragraph 3 shall not apply where an investment privatization fund cannot order shares in accordance with the restrictions referred to in paragraph 1 in respect of the number of investment points it has acquired in the previous round or the number of public limited-liability companies whose shares may be ordered in the privatisation round. ';
This Regulation shall enter into force on the day of its publication.
CHF
Sign in for notes, favorites and notifications
Regulation Information
| Citation | Decree of the Government of the Czech and Slovak Federal Republic No. 69 / 1992 Coll., amending and supplementing the Decree of the Government of the Czech and Slovak Federal Republic No. 383 / 1991 Coll., on the issue and use of investment coupons |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 28.02.1992 |
|---|---|
| Effective from | 28.02.1992 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
Comments 0