of May 4, 1997 No. 180
About approval of the Regulations on investment funds
In pursuance of the order of the Government of the Republic of Tajikistan of August 23, 1995 No. 543 "About organizational measures for further deepening and expansion of processes of privatization of state-owned property", the Government of the Republic of Tajikistan decides:
1. Approve the enclosed Regulations on investment funds.
2. To the state Management committee state-owned property of the Republic of Tajikistan together with the Ministry of Finance of the Republic of Tajikistan to develop and approve:
excluded
procedure for issue of licenses for implementation of investing activities with privatization checks.
Prime Minister
Republic of Tajikistan E.Rakhmonov
Approved by the Order of the Government of the Republic of Tajikistan of May 4, 1997 No. 180
1.1. This Regulations on investment funds (further hereinafter is referred to as - the Provision) determine general procedure for organization and activities of all types investment funds in the Republic of Tajikistan, including also the check investment funds accumulating personalized privatization checks of citizens of the Republic of Tajikistan.
1.2. Investment funds are created in the form of public joint stock companies which are engaged in investment, trade and ownership of securities.
Other legal entities performing investing activities according to the legislation of the Republic of Tajikistan acquire the status of investment fund after reduction of the constituent documents in compliance with this Provision. Consolidation with other types of activity is not allowed.
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