Act No. 89 / 1993 Coll.
Act amending Act of the Czech National Council No. 591 / 1992 Coll., on Securities
Valid
Effective from 15.03.1993
89
THE LAW
of 24 February 1993
amending the Act of the Czech National Council No. 591 / 1992 Coll., on securities
Parliament has decided on this law of the Czech Republic:
Paragraph 93 of the Act of the Czech National Council No. 591 / 1992 Coll., on Securities, reads:
(1) Shares that are acquired in the first wave of coupon privatisation, 38a) shall be considered as shares decided pursuant to Paragraph 10 (1). The period within which the holders of securities are required to surrender paper securities shall expire two months after the date of application of this Act. The paper-based securities may be converted into paper at the earliest three years after the date of expiry of the period specified in the preceding sentence.
(2) Shares acquired using investment coupons under special regulations (6) must be issued in the form of book-entry securities.
(3) (6) The provisions of paragraph 2 shall apply mutatis mutandis to shares of investment privatisation funds acquired using investment coupons under special rules. Shares of investment privatisation funds issued by the date of application of this Act shall be subject to paragraph 1 accordingly.
(4) Shares registered in accordance with paragraphs 2 and 3 may be converted into paper securities not earlier than three years after the date of their book entry. "
Note 38a:
"38a) Government Decree No. 383 / 1991 Coll., on the issue and use of investment coupons, as amended by Government Decree No. 69 / 1992 Coll. '
This Law shall enter into force on 15 March 1993.
Uhde v. r.
Havel v. r.
Klaus v. r.
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Regulation Information
| Citation | Act No. 89 / 1993 Coll., amending Act No. 591 / 1992 Coll., on Securities |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 05.03.1993 |
|---|---|
| Effective from | 15.03.1993 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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