Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of May 5, 2006 No. 296

About streamlining of use of financial resources of the state organizations and economic societies from shares of the state in authorized funds

(The last edition from 30-06-2014)

For the purpose of streamlining of use of financial resources of the state organizations and economic societies from shares of the state in authorized funds I decide:

1. Approve the enclosed Regulations on procedure for provision as a loan of money by the state organizations and economic societies from shares of the state in authorized funds.

2. Determine what has no right to act as guarantors, guarantors of the third parties - legal entities of non-state pattern of ownership (including share (share) in authorized funds of which are in state-owned property) and physical persons (including individual entrepreneurs) on execution by these persons of the obligations on return of the loans granted by banks and the non-bank credit and financial organizations, except for the credits issued on construction of premises if other is not established by the President of the Republic of Belarus:

the state organizations which are under supervision (maintaining) of the President of the Republic of Belarus, Council of Ministers of the Republic of Belarus, Administration of the President of the Republic of Belarus, National Bank, National academy of Sciences of Belarus, republican state bodies, local executive and administrative organs (except non-profit organizations on development and support of the small business entities created (created) by these bodies), and also being part of the state organizations subordinated to the Government of the Republic of Belarus;

economic societies (except banks and the non-bank credit and financial organizations) concerning which the Republic of Belarus or administrative and territorial unit, having shares (shares) in authorized funds which are in management of state bodies and (or) legal entities of the state pattern of ownership, or other in a way which is not contradicting the legislation can determine the decisions made by these societies.

The restrictions set in part one of this Item do not extend to provision by the specified state organizations and economic societies of guarantees, guarantees to legal entities of non-state pattern of ownership on execution by these persons of the obligations on return of the loans granted by banks if:

in authorized fund of this legal entity over 50 percent of share (shares) are in management of the state organization or belongs to economic society which provide guarantee, the guarantee;

the specified legal entity - the member of holding which managing company is the state organization or economic society providing guarantee, the guarantee.

3. Voided

4. Voided

5. To Council of Ministers of the Republic of Belarus to take necessary measures for implementation of this Decree.

6. This Decree becomes effective in ten days from the date of its official publication.

 

President of the Republic of Belarus

A. Lukashenko

Approved by the Presidential decree of the Republic of Belarus of May 5, 2006 No. 296

Regulations on procedure for provision as a loan money the state organizations and economic societies from shares of the state in authorized funds

1. In this Provision the procedure for provision as a loan of money, including microloans, by the state organizations and economic societies from shares of the state in authorized funds is regulated.

2. In this Provision the following basic concepts are applied:

"the state organization" - the organization which is under supervision (maintaining) of the President of the Republic of Belarus, Council of Ministers of the Republic of Belarus, Administration of the President of the Republic of Belarus, National Bank, National academy of Sciences of Belarus, republican state bodies, local executive and administrative organs, and also being part of the state organizations subordinated to the Government of the Republic of Belarus (further - state bodies);

"economic society" - society concerning which the Republic of Belarus or administrative and territorial unit, having shares (shares) in authorized fund which are in management of state bodies and (or) legal entities of the state pattern of ownership, or other in a way which is not contradicting the legislation can determine the decisions made by this society;

Full text available with active License only!

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.