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of March 13, 1999 No. 4118

About approval of the Regulations on Turkmenpagta State concern

Approve the enclosed Regulations on Turkmenpagta State concern.


President of Turkmenistan


Approved by the resolution of the President of Turkmenistan of March 13, 1999 No. 4118

Regulations on Turkmenpagta State concern

1. The Turkmenpagta state concern (the Concern is referred to as) is the state body performing the activities as the production and economic complex providing development and forming of the major directions of development of cotton breeding and the cotton-processing industry of Turkmenistan.

The concern performs the activities on the principles of cost accounting and self-financing and submits directly to the Cabinet of Ministers of Turkmenistan.

2. The concern in the activities is guided by the Constitution of Turkmenistan, the laws of Turkmenistan and other acts of Majlis of Turkmenistan, acts of the President of Turkmenistan, decisions of the Cabinet of Ministers of Turkmenistan and this Provision.

3. The companies and the organizations which are part of Concern have complete economic independence, the rights of the legal entity, are effective according to the laws of Turkmenistan, other regulatory legal acts and this Provision.

4. The main objectives of Concern are:

implementation of decisions of the President of Turkmenistan in the field of development of cotton breeding, development and forming of the major activities providing the solution of priority tasks in development of industry;

coordination of works on implementation of new types of technical equipment and maintenance at due technological level of business assets;

carrying out the investment policy providing the balanced and pro rata development of the cotton-processing industry, rational placement of productions on the territory of the country;

development of the system of economic and legal measures of increase in interest of the companies of industry in increasing production of products, increase in its efficiency, increase in profit (income), increase in labor productivity.

5. The concern according to the tasks assigned to it performs the following functions:

provides execution on places of acts of the President of Turkmenistan and decisions of the Cabinet of Ministers of Turkmenistan concerning cotton breeding and the cotton-processing industry;

determines the prospects of development of cotton breeding, enhances and implements in production new methods of relations with producers of cotton in the conditions of carrying out reform in agricultural industry;

carries out work on implementation of state programs of reforming, rasgosudarstvleniye and privatization of objects of agro-industrial complex;

creates necessary conditions for the organization of timely and high-quality acceptance of cotton raw, its storage and conversion, and also realization of finished goods;

provides carrying out single technical policy in cotton-processing industry taking into account world achievements in this area;

provides wide use of modern technical solutions, opening, inventions, economic methods of management for the purpose of achievement of outstanding performance of productive activity of jurisdictional enterprises and organizations, performs planning of their activities;

prepares offers on development of source of raw materials of production, will organize development and deployment of progressive regulations and standard rates, provides control of rational use of raw materials and materials;

develops comprehensive programs and schemes of development of industry, pursues effective investment policy according to tasks of its complex development, performs tasks on commissioning of production capacities:

performs single scientific and technical policy in the field of designing of subjects to production and non-productive appointment;

will organize accomplishment of annual and perspective plans of capital construction of objects taking into account the sources of financing included in the comprehensive program of development of industry;

performs completing by processing equipment and materials of the under construction and reconstructed objects which are subject to modernization;

creates necessary conditions for steady providing industry with material resources of the companies;

gives practical help to elite and seed-growing farms in work on preserving typicalness and purity of grade, the best economic and technological properties of fiber, on production of seeds of the highest, necessary for sortoobnovleniye, and the subsequent categories with the high high-quality and sowing qualities providing steady big crops;

determines prospects of the direction of research works on removal of high-yielding, disease-resistant, early ripening varieties of cotton, develops actions for protection of cotton against diseases and wreckers;

provides enhancement of industry system of training, advanced training leading and engineering employees, studying, generalization and distribution of the best practices based on subordinated educational institutions;

performs the centralized financial and economic policy based on the principles of cost accounting and self-financing of the subordinated organizations and companies;

will organize accounting at jurisdictional enterprises and in the organizations, submission in accordance with the established procedure of the reporting in bodies of the state statistics;

provides introduction in industry of new progressive forms of credit and financial relations, holds events for strengthening of financial position of jurisdictional enterprises and profit increase;

creates centralized fund and reserves due to assignments of jurisdictional enterprises, provides their effective use;

prepares in accordance with the established procedure offers on pricing on products developed by the companies of industry;

establishes the foreign economic and scientific and technical relations with foreign countries, participates in preparation of intergovernmental agreements concerning cooperation and will organize accomplishment of the obligations following from agreements, contracts and agreements.

6. The authorized capital of Concern and its structural divisions consists of the main and current assets, financial assets which size is determined according to the procedure, provided by the current legislation of Turkmenistan.

7. Sources of financial resources of Concern are the income from its financial and economic activities and other receipts according to this Provision and the legislation of Turkmenistan.

8. The concern is headed by the Chairman appointed to position and dismissed by the President of Turkmenistan.

Vice-chairmen of Concern are appointed to position and dismissed by the President of Turkmenistan.

9. Chairman of Concern:

bears the personal responsibility before the President of Turkmenistan and the Cabinet of Ministers of Turkmenistan for accomplishment of the set functions assigned to Concern;


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