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PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

On July 13, 2016 No. 989

About modification in "The state program on enhancement of management of state-owned property in the Azerbaijan Republic", approved by the Presidential decree of the Azerbaijan Republic of June 6, 2007 No. 586

Being guided by Item 32 of article 109 of the Constitution of the Azerbaijan Republic, for the purpose of increase in effective management of the stocks (shares) in the authorized capital of the state companies and legal entities owned by the state I decide:

Make the following changes to "The state program on enhancement of management of state-owned property in the Azerbaijan Republic", approved by the Presidential decree of the Azerbaijan Republic of June 6, 2007 No. 586 (Collection of the legislation of the Azerbaijan Republic, 2007, No. 6, Article 599; 2009, No. 3, Article 163; 2010, No. 2, Article 80, No. 7, Article 610; 2014, No. 5, Article 477):

1. at the end of subitem 7.9.3 to replace sign of point with sign of semicolon and to add with subitem 7.9.4 of the following content:

"7.9.4. appoints the state representative in managerial bodies of joint-stock companies and joint businesses in which authorized capital there is the state share, except as specified, established by the President of the Azerbaijan Republic.".

2. the first and second offers of Item 9.2 to give in the following edition:

"Control over safety in the state companies of state-owned property and its rational proper use, change of purpose of the state-owned real estate performs the State committee of the Azerbaijan Republic on property questions. For the purpose of control state bodies, all state companies regardless of industry accessory and subordination, represent in the approved form to the State committee on property questions of the Azerbaijan Republic special reports no later than April 1 for the beginning of year.".

3. give Item 9.3 in following edition:

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