of February 13, 2009 No. 134-IV ZRK
About National welfare fund
This Law determines legal status, procedure for activities, the purpose, task and power of National welfare fund, and also separate features of legal status of legal entities which shares (share) belong to National welfare fund, and other organizations entering into group of Fund.
In this Law the following basic concepts are used:
1) indirect possession - shareholding (shares of participation) of the legal entity through the third parties Fund or the company;
2) the companies - national institutes of development, the national companies and other legal entities which more than fifty percent of voting shares (shares) belong to Fund on the property right or trust management;
3) group of Fund - Fund, the companies, their affiliated organizations which more than fifty percent of voting shares (shares) belong to the companies, and also legal entities whose more than fifty percent of voting shares (shares) belong to the specified affiliated organizations of the companies concerning which this Law establishes special legal status.
Do not enter into group of Fund:
legal entities whose shares (share) arrived in property of the bank entering into group of Fund in case of the announcement of the biddings on implementation of the pledged shares (shares) cancelled according to the civil legislation of the Republic of Kazakhstan;
banks which shares arrived in property of Fund for the decision of the Government of the Republic of Kazakhstan according to the legislation of the Republic of Kazakhstan for the purpose of protection of interests of creditors of bank and ensuring banking system stability of the Republic of Kazakhstan;
4) National welfare fund (further - Fund) national managing holding.
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The document ceased to be valid according to the Law of the Republic of Kazakhstan of February 1, 2012 No. 550-IV ZRK