of August 18, 1997 No. 404
About measures for enhancement of placement of blocks of shares and increase in role of shareholders in management of the joint-stock companies formed based on state-owned property
In pursuance of the Presidential decree of the Republic of Uzbekistan of March 31, 1997 No. UP-1740 "About Additional Measures for Market Development of Securities and Expansion of Participation of Foreign Investors in the Stock Market of the Republic", enhancement of the controling mechanism the state ownership ratio, and also for the purpose of increase in role of shareholders in management of joint-stock companies, the Cabinet of Ministers decides:
1. To the State Property Committee of the Republic of Uzbekistan together with the relevant ministries, departments, corporations, the companies, associations:
till December 31 of this year to carry out inventory count of current status of placement (realization) of shares by each joint-stock company formed as a result of privatization of the state companies;
provide, if necessary, redistribution in accordance with the established procedure of blocks of shares of the pro-inventoried companies proceeding from provisions of Item 1 of the Presidential decree of the Republic of Uzbekistan of March 31, 1997 to No. UP-1740;
expose not placed during the term established by the legislation (within one year from registration date of the prospectus of the issue) share fractions of the privatized companies, except for the shares left in state-owned property for sale in the free market with participation of legal entities and physical persons, including foreign;
during the forming and program implementation of privatization on 1998 and the next years to provide in prospectuses of the issue of the created joint-stock companies share placing in full accordance with the above-named Presidential decree of the Republic of Uzbekistan.
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The document ceased to be valid since February 22, 2021 according to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of February 22, 2021 No. 87