of February 16, 2004 No. 6594
About creation of Turkmenderi joint-stock company
For the purpose of further development of tanning and shoe industry of Turkmenistan, effective use of the rawhide made in the country, I decide streamlinings of its export and stimulation of cattle breeders in increase in production of livestock products:
1. Create Turkmenderi closed joint stock company, having determined his founders the Ministry of the textile industry of Turkmenistan and Association of livestock joint-stock companies of Turkmenistan of Turkmenmallara with contribution shares on 50 percent respectively.
2. Approve the enclosed Regulations on Turkmenderi joint-stock company.
3. Grant to joint-stock company to Turkmenderi exclusive right realization of rawhide and astrakhan astrakhans out of limits of Turkmenistan.
4. To public service on foreign investments in case of the President of Turkmenistan, to the Ministry of Economics and finance of Turkmenistan to register in accordance with the established procedure Turkmenderi joint-stock company.
5. Determine that producers of livestock products, the companies and the organizations, irrespective of patterns of ownership, and also physical persons realize the made and prepared rawhides and astrakhan astrakhans only in the domestic market of Turkmenistan.
6. Permit Turkmenderi joint-stock company to conduct procurement of rawhide and astrakhan astrakhans on free contract prices, and their leave for providing processing enterprises of the country - at the prices approved with the Ministry of Economics and finance of Turkmenistan.
7. The share of net profit of Turkmenderi joint-stock company received as a result of its economic activity and directed to dividend payout according to the decision of general shareholder meeting is distributed between them following the results of year in proportion to the number of the stocks owned by them and used as follows:
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