of June 22, 2010 No. 283
About modification and amendments in some presidential decrees of the Azerbaijan Republic connected with privatization of state-owned property
For the purpose of ensuring implementation of the privileges provided to members of labor collective of the state companies and persons equated to them after the expiration of use as means of payment, the privatization shares (checks) released in the course of privatization of state-owned property in the Azerbaijan Republic, and also identification of new mechanisms selling state-owned property I decide:
1. Make the following additions and changes to the "II State program of privatization of state-owned property in the Azerbaijan Republic" approved by the Presidential decree of the Azerbaijan Republic of August 10, 2000 No. 383 (Collection of the legislation of the Azerbaijan Republic, 2000, No. 8, the book III, Article 606; 2001, No. 10, Article 640; 2002, No. 4, II book, Article 189, No. 10, Article 592; 2003, No. 10, Articles 566, 569; 2004, No. 6, Article 432; 2005, No. 5, Articles 400, 403, 405; 2006, No. 7, Article 590, No. 8, Article 678, No. 9, Article 742; 2007, No. 11, Article 1097, No. 12, Article 1246; 2008, No. 7, Article 613; 2009, No. 03, Article 163):
1.1. to consider paragraphs 4-6 of Item 4.2.4 respectively paragraphs 5-7 and to add the specified item 4 with the paragraph of the following content: "After completion of effective period of privatization shares (checks) as means of payment, the maximum quantity of shares of the joint-stock companies which resulted from transformation of the state companies which one person can acquire during preferential sale of shares is determined by division of the shares offered for preferential sale into number of persons having the participation right on such sale. Each person participating in preferential sale shall pay 30% of nominal value of number of shares which wants to acquire. Payment of this amount is performed according to the procedure, established by the State committee on property questions.".
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