PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of January 24, 2003 No. UP-3202

About measures for cardinal increase in share and value of private sector in economy of Uzbekistan

For the purpose of stimulation of the accelerated private sector development, cardinal increase in its role and value in national economy, radical enhancement of corporate management system by the privatized companies:

1. Consider broad development of private entrepreneurship, creation of the companies founded on private property including as a result of privatization of state-owned property, and on this basis substantial increase of share of private sector in structure of economy the major priority of the economic reforms and market transformations undertaken in the country.

To the Cabinet of Ministers of the Republic of Uzbekistan in two-month time to develop and submit in accordance with the established procedure for consideration of Oliy Majlis of the Republic of Uzbekistan the bill "About Private Enterprise", having provided in it procedure for creation and activities of private enterprises, system of the privileges and preferences stimulating the priority growth of private property in the field of production and services.

2. Recognize inexpedient preserving the state share in authorized capital of joint-stock companies in sizes of 25 and less percent and enable its realization mainly in private property.

To the State Property Committee of the Republic of Uzbekistan:

realize step by step in the stock market in 2003-2004 the state blocks of shares of the privatized companies in which authorized fund the state share constitutes 25 and less percent;

in two weeks to introduce to the Cabinet of Ministers the draft of the Program of privatization and privatization for 2003-2005 taking into account provisions of this Decree.

3. Determine that:

the number of members of society with the limited and accessorial liability cannot exceed 50 legal entities and physical persons.

4. Ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 16.08.2024 No. UP-111

5. Cancel procedure in case of which:

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