TEHRAN, Iran, Dec.16
Trend:
The Iranian parliament is launching a bill related to the assignment of Justice Shares to shareowners who have not subscribed to the scheme, a Member of parliament's economic commission told Trend in an interview.
The parliament's policy on justice shares is that the government must decide about those shareowners that have not subscribed to the plan, Mehdi Toghyani noted.
The government claims it does not have the resources to comply with the assignment of Justice Shares to individuals who have not subscribed to the plan.
The recent reports indicate 1.2 million people under the support of Imam Khomeini Relief Foundation and 2.1 million supported by the State Welfare Organization of Iran have not received justice shares.
A total of 1.8 million received invitations for ownership of shares, but Justice Shares have not been assigned under their name yet.
The government has approved a plan to offer shares to low-income families. Under the Justice Shares plan, millions of Iranian families will receive shares in state-owned firms.
Justice Shares are shares of government-owned companies that were given free to the six lowest income deciles. Justice Shares portfolio includes 49 state-owned companies in the auto, metal, mining, and agriculture, petrochemical, and banking sectors. A total of 35 companies are already listed with the stock market and another 14 are planning an initial public offering.