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of November 5, 2024 No. 666
About questions of creation and functioning of "National Investment Fund of the Kyrgyz Republic" open joint stock company
For the purpose of implementation of the Law of the Kyrgyz Republic "About the National investment fund of the Kyrgyz Republic" and the Presidential decree of the Kyrgyz Republic "About creation of the National investment fund of the Kyrgyz Republic" of June 14, 2024 155, according to articles 13, of the 17th constitutional Law of the Kyrgyz Republic "About the Cabinet of Ministers of the Kyrgyz Republic" the Cabinet of Ministers of the Kyrgyz Republic decides No.:
1. Create "National Investment Fund of the Kyrgyz Republic" open joint stock company (further - Fund) with 100 percent participation of the state in its authorized capital in the amount of 1000000,0 (one million) som by release and payment of 10000,0 (ten thousand) pieces of common nominal shares by nominal value of one share 100,0 (hundred) som.
2. To the state agency on management of state-owned property under the Cabinet of Ministers of the Kyrgyz Republic to act as the shareholder (participant) of Fund on behalf of the Cabinet of Ministers of the Kyrgyz Republic.
3. Approve the Fund charter according to appendix.
4. Authorize the State agency on management of state-owned property under the Cabinet of Ministers of the Kyrgyz Republic in accordance with the established procedure:
1) to provide payment of the placed shares of Fund;
2) to provide state registration of constituent share issue of Fund in authorized state body on regulation of the security market;
3) to make state registration of Fund in judicial authorities of the Kyrgyz Republic;
4) to provide preparation of relevant decisions about appointment of officials in governing bodies of Fund according to the Law of the Kyrgyz Republic "About the National investment fund of the Kyrgyz Republic" and the Fund charter approved according to Item 3 of this resolution;
5) to take other measures following from this resolution.
5. To the Ministry of Finance of the Kyrgyz Republic in accordance with the established procedure:
To allocate 1) in coordination with Committee on the budget, economic and fiscal policy of Jogorku Kenesh of the Kyrgyz Republic to the State agency on management of state-owned property under the Cabinet of Ministers of the Kyrgyz Republic 1000000,0 (one million) som for forming of the authorized capital of Fund;
2) by preparation of the bill of the Kyrgyz Republic "About introduction of amendments to the Law of the Kyrgyz Republic "About the republican budget of the Kyrgyz Republic for 2024 and planning period of 2025-2026" to provide the corresponding changes following from this resolution.
6. To Administration of the President of the Kyrgyz Republic together with the State agency on management of state-owned property under the Cabinet of Ministers of the Kyrgyz Republic to handle issue of placement of Fund on terms of the contract of free use with payment of municipal and operating costs.
7. To the state agency on management of state-owned property under the Cabinet of Ministers of the Kyrgyz Republic together with the state bodies performing functions of the shareholder (participant) on behalf of the state in economic societies with the state share in three-months time from the date of entry into force of this resolution:
1) on the basis of the analysis and assessment of activities of economic societies with the state share for the previous three-year period to prepare the corresponding list of economic societies with the state share for transfer to the authorized capital of Fund;
2) based on the specified list to prepare the corresponding draft decision of the Cabinet of Ministers of the Kyrgyz Republic about entering into the authorized capital of Fund of the state blocks of shares (share) of the economic societies with the state share included in this list.
8. Establish the personal responsibility of heads of the state bodies performing functions of the shareholder (participant) on behalf of the state in economic societies with the state share for timely and high-quality execution of Item 7 of this resolution.
9. To impose control of execution of this resolution on management of control of execution of decisions of the President and the Presidential Administration Cabinet of Ministers of the Kyrgyz Republic.
10. This resolution becomes effective after ten days from the date of official publication.
Chairman of the Cabinet of Ministers of the Kyrgyz Republic
A. Zhaparov
Appendix
to the Resolution of the Cabinet of Ministers of the Kyrgyz Republic of November 5, 2024 No. 666
1. The "National Investment Fund of the Kyrgyz Republic" open joint stock company which is hereinafter referred to as "Fund" is created for the purpose of implementation of the Law of the Kyrgyz Republic "About the National investment fund of the Kyrgyz Republic" and the Presidential decree of the Kyrgyz Republic "About creation of the National investment fund of the Kyrgyz Republic" of June 14, 2024 No. 155.
2. Full trade name of Fund:
- in official language: "Kyrgyz Respublikasynyn Uluttuk investitsiyalyk to fund" achyk aktsionerdik to whom";
- in official language: ""National Investment Fund of the Kyrgyz Republic" open joint stock company;
- in English: "National Investment Fund of the Kyrgyz Republic" Open Joint Stock Company".
The reduced trade name of Fund:
- in official language: "Kyrgyz Respublikasynyn Uluttuk investitsiyalyk to fund" AAK";
- in official language: "JSC National Investment Fund of the Kyrgyz Republic;
- in English: "National Investment Fund of the Kyrgyz Republic" OJSC".
3. Legal address Fonda: Kyrgyz Republic, city of Bishkek.
4. Founder and the single shareholder of Fund is the Cabinet of Ministers of the Kyrgyz Republic (further - the Single shareholder Fonda). The Cabinet of Ministers of the Kyrgyz Republic the decision has the right to delegate to state bodies of the Kyrgyz Republic of function on realization of powers of the Single shareholder of Fund or the separate powers of the Single shareholder of Fund provided by the Law of the Kyrgyz Republic "About the National investment fund of the Kyrgyz Republic" and this Charter.
5. The fund is created sine die if the Single shareholder of Fund does not make the decision on liquidation or reorganization of Fund according to the legislation of the Kyrgyz Republic and this Charter.
6. The fund is the legal entity created in the form of open joint stock company.
7. The fund acquires the civil laws and obligations from the moment of its state registration according to the legislation of the Kyrgyz Republic.
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