RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN OF THE STATE COMMITTEE OF THE REPUBLIC OF UZBEKISTAN ON PRIVATIZATION, DEMONOPOLIZATION AND DEVELOPMENT OF THE COMPETITION OF THE STATE TAX COMMITTEE OF THE REPUBLIC OF UZBEKISTAN

of September 12, 2013 No. 86, No. 01/09-26/14, No. 2013-43

About introduction of amendments to the resolution "About Approval of the Regulations on Procedure for Control of Charge, Payment and Target Use of Dividends by Business Entities on the State Share Fraction (the State Share)"

According to the Presidential decree of the Republic of Uzbekistan of November 13, 2012 No. UP-4483 "About formation of the State committee of the Republic of Uzbekistan on privatization, demonopolization and development of the competition" (Collection of the legislation of the Republic of Uzbekistan, 2012, No. 46-47, of the Art. 521), the resolution of the President of the Republic of Uzbekistan of December 27, 2005 No. PP-244 "About the forecast of the main macroeconomic indicators and parameters of the Government budget of the Republic of Uzbekistan for 2006" (Collection of the legislation of the Republic of Uzbekistan, 2005, No. 52, the Art. 386), resolutions of the Cabinet of Ministers of the Republic of Uzbekistan of November 14, 2012 No. 322 "About the organization of activities of the State committee of the Republic of Uzbekistan for privatization, demonopolization and development of the competition" (Collection of the legislation of the Republic of Uzbekistan, 2012, No. 46-47, of the Art. 523) and of December 30, 2012 No. 374 "About measures for the organization of activities of the State committee of the Republic of Uzbekistan for privatization, demonopolization and development of the competition" (Collection of the legislation of the Republic of Uzbekistan, 2013, No. 2, of the Art. 19), the Ministry of Finance, the State committee of the Republic of Uzbekistan on privatization, demonopolization and development of the competition and the State Tax Committee of the Republic of Uzbekistan decide:

1. Make changes to the resolution of the Ministry of Finance, State committee of the Republic of Uzbekistan on management of state-owned property and support of entrepreneurship, the State Tax Committee of the Republic of Uzbekistan of March 25, 2002 No. No. 47, 10-1-48, 2002-33 "About approval of the Regulations on procedure for control of charge, payment and target use of dividends by business entities on the state share fraction (the state share)" (рег. No. 1121 of April 11, 2002) (The bulletin of regulations of the ministries, state committees and departments of the Republic of Uzbekistan, 2002, No. 7) according to appendix.

2. This resolution becomes effective from the date of its official publication.

Appendix

to the Resolution of the Ministry of Finance, State committee of the Republic of Uzbekistan on privatization, demonopolization and development of the competition, the State Tax Committee of the Republic of Uzbekistan of September 12, 2013 No. No. 86, 01/09-26/14, 2013-43

The changes made to the resolution "About Approval of the Regulations on Procedure for Control of Charge, Payment and Target Use of Dividends by Business Entities on the State Share Fraction (the State Share)"

1. In the name and Item 1 of the word", payment and target use" shall be replaced with words "and payment".

2. In the Provision:

a) in the name and preamble of the word", payment and target use" shall be replaced with words "and payment";

b) in Item 3 of the word "State Property Committee of the Republic of Uzbekistan and Its Territorial Subdivisions" shall be replaced with words "The state committee of the Republic of Uzbekistan on privatization, demonopolization and development of the competition (further - Goskomkonkurention) and its territorial authorities together with the Center for management of the state assets in case of Goskomkonkurention";

c) in item 4 to replace the word of State Property Committee with the word of Goskomkonkurention;

d) in Item 5 of the word "State Property Committee of the Republic of Uzbekistan or Its Territorial Subdivisions" shall be replaced with words "Goskomkonkurention or his territorial authorities";

e) Items 9, of 10, subitems "v" - "е" Item 18, Items 20, of 21, 22 and Chapter VIII to recognize invalid;

e) in Chapter VI:

state the name in the following edition:

"Procedure of control of charge and dividend payout on the state share fraction (state share)";

 in Item 15 of the word", payment and the target use which is earlier transferred" shall be replaced with words "and payments";

from paragraph one of Item 16 of the word" to exclude the facts of inappropriate use, not development of the dividends transferred under the agreement etc.";

g) to state the name of Chapter VII in the following edition:

 "VII. Procedure for debt collection according to the dividends added (not additionally accrued) on the state share fraction (the state share)";

h) from Item 19 of the word", undeveloped, used not for purpose" to exclude;

i) in appendix No. 1:

to declare the subitem "g" of Item 9.6 invalid;

to state paragraph two of Item 10 in the following edition:

"The joint-stock company agrees to write-off of means by monitoring body from the settlement account of joint-stock company in case of violation of requirements of the Regulations on procedure for control of charge and payment of dividends by business entities for the state share fraction (the state share) by it (рег. No. 1121 of April 11, 2002), with charge of penalty fee on refunding rate of the Central bank of the Republic of Uzbekistan.";

from Item 11 of the word", the copy of the decision of general shareholder meeting on need of use on the purpose of modernization and reconstruction of dividends (part of the dividends) added on the state share fraction" to exclude;

j) to state paragraph two of Item 9 of appendix No. 2 in the following edition:

 "The business entity agrees to write-off of means by monitoring body from the settlement account in case of violation by business entity of requirements of the Regulations on procedure for control of charge and payment of dividends by business entities for the state share fraction (the state share) (рег. No. 1121 of April 11, 2002), with charge of penalty fee on refunding rate of the Central bank of the Republic of Uzbekistan.".

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