In accordance with the Regulations on the В"РђР·eriistiliktedjizat (Heating Supply)
Joint -Stock Company (JSC), the authorized capital is formed at the level of 96,33 billion AZM (not denominated), the government told Trend. The nominal cost of each share is 100,000 AZM.
The JSC property may be formed from the funds of the share-holders, the revenues received from the sale and generation of the heating energy, loans, investments in the property, securities and other sources, not prohibited by the legislation.
According to the Рђzeriistiliktedjizat structure, the board consists of two chairmen and two deputies. The board deputy chairmen are appointed and discharged from their positions by the decision of the Cabinet of Ministers. The Supervisory board is formed from the officials of the Energy and Industry Ministry, the Finance Ministry, the State Committee on State Property Management,