State Committee Intensifies Control over Companies with a Share of State-run Capital

Business Materials 14 December 2006 17:44 (UTC +04:00)

The State Committee on Public Property Management continues work on attracting dividends for public budget from the joint-stock companies with the share of state-run capital.

The State Committee informed Trend that that over 11 months 130 JSC remitted 113,000 manats to the State Treasury. The Committee is focused on increase of the amount of dividends, management over the company state-run stock, provision of participation in the management and control by the government officials, timely conduct of general assemblies. In this period the general assemblies have been held in 70 JSC.

Relevant measures are taken to coordinate the activities of the privatization commissions in connection with the establishment of JSC on their basis. Measures are also taken for efficient management of state share and regulation of the activities of enterprises with state-run capital. With this respect 600 reports and acts on inventory have been investigated. Definite penalties are taken in accordance with the legislation in case any irregularities are revealed.