
Exercise, on behalf of the Republic of Kazakhstan, the rights of a subject of republican property rights in relation to republican legal entities, including approval of transfer deeds, as well as separation, interim liquidation, and liquidation balance sheets during the reorganization and liquidation of republican legal entities;
Determining the scope and purpose of the activities of a republican state enterprise, as well as the type of republican state enterprise (either a private enterprise or a state-owned enterprise) carrying out such activities, and approving the charters of republican state enterprises, amending and supplementing them upon the submission of the authorized body of the relevant industry;
Establishing a period for the republican state enterprise to maintain and safeguard seized property before its transfer to another person and subsequent write-off from the balance sheet;
Redistribution of the assets of a liquidated republican legal entity remaining after the satisfaction of creditors' claims;
Upon submission by the authorized body of the relevant industry, provides written consent to the republican state-owned enterprise for the alienation or other disposal of property assigned to it (except for the sale of its manufactured products), and the establishment of branches (representative offices);
approval by the republican state-owned enterprise for the alienation or other disposal of property related to fixed assets;
approval of the reorganization and liquidation of a republican legal entity by the authorized body of the relevant industry;
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The procedure for the acquisition by state-owned enterprises on the right of economic management and organizations a controlling stake (stakes) which are owned by the state financial services are regulated by the Decree of the Government of the Republic of Kazakhstan dated September 14, 2004 No. 960 "On certain issues of acquisition by State-owned enterprises with the right of Economic management and organizations with a controlling stake (stakes) state–owned financial services" (hereinafter referred to as Resolution No. 960) In accordance with paragraph 1 of Resolution No. 960, in order to effectively use state-owned enterprises with the right of economic management and organizations a controlling stake (stakes) which are owned by the state temporarily available free money to state bodies with the exception of the National Bank of the Republic of Kazakhstan which are state management bodies of state-owned enterprises on the right of economic management and exercising the rights of ownership and use of controlling stakes in organizations, controlling interest (stakes) which are owned by the state (hereinafter referred to as Organizations) with the exception of subjects of natural monopolies the State Social Insurance Fund Joint Stock Company and financial organizations for which prudential standards and requirements for the degree of asset diversification are established by the authorized body for regulation and supervision of the financial market and financial organizations it is recommended that Organizations place their temporarily available transfer money to financial instruments including deposits from second-tier banks Thus Resolution No. 960 does not apply to state-owned enterprises. |