of August 20, 1997 No. 3322
About some measures for privatization and privatization of objects of state-owned property
According to the Law of Turkmenistan "About privatization and privatization" and for the purpose of strengthening of the state control of process of privatization and privatization of objects of state-owned property I decide:
1. Approve enclosed Regulations on privatization and privatization of objects of state-owned property in Turkmenistan and Regulations on evaluation procedure of property value of the objects of state-owned property which are subject to privatization and privatization.
2. Assign to the Ministry of Economics and finance of Turkmenistan functions on implementation of privatization and privatization of objects of state-owned property in all spheres of the national economy of Turkmenistan and to ensuring postprivatization control of their activities.
3. Determine that privatization and privatization of objects of state-owned property of Turkmenistan are performed by their sale at auctions, incorporating and carrying out investment tenders.
In case of failure to carry out by the new owner of the obligations undertaken by it in case of privatization of object of state-owned property, the privatized objects are withdrawn in accordance with the established procedure.
4. Determine that from the date of inclusion of object of state-owned property in the list of objects of privatization and privatization and about day of signing of the act of its acceptance delivery to the new owner (or state registration of joint-stock company) fixed assets of object cannot be on sale or be transferred otherwise to other physical persons or legal entities, irrespective of their form of business.
In case of privatization and privatization of object of state-owned property passes right to use to the buyer with the parcel of land which is earlier assigned to the specified object or occupied by him and necessary for ensuring operation of object.
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