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RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of May 22, 2012 No. 140

About measures for implementation of the Resolution of the President of the Republic of Uzbekistan of March 19, 2012 No. PP-1727 "About measures for further development of the stock market"

(as amended on 14-04-2020)

In pursuance of the resolution of the President of the Republic of Uzbekistan of March 19, 2012 "About measures for further development of the stock market" the Cabinet of Ministers decides No. PP-1727:

1. Agree with offers of the State Property Committee of the Republic of Uzbekistan, JSC Republican Stock Exchange Toshkent (further - the RBF "Toshkent"), National Bank of foreign economic activity, State and commercial People's Bank, GAKB "Usak-bank" and OAKB "Uzpromstroybank", providing:

the redemption of the RBF "Toshkent" of shares from the shareholders on market value according to the procedure, established by the legislation, except the State Property Committee and commercial banks specified in item 4 of the resolution of the President of the Republic of Uzbekistan of March 19, 2012 to No. PP-1727 "About measures for further development of the stock market" (further - commercial banks);

realization of the RBF "Toshkent" of the shares redeemed by it to commercial banks under direct agreements on pro rata basis at the price of their acquisition, taking into account the incurred expenses;

increase in authorized capital of the RBF "Toshkent" up to 45 billion bags. for the transfer account the State Property Committee of the Republic of Uzbekistan the RBF "Toshkent" of property complex in type SUE Directorate on Operation of the Republican Exchange Center, at the address: Tashkent, st. Bukhara, 10 (further - RBTs building);

realization of the stocks owned by the State Property Committee in authorized capital of the RBF "Toshkent" (in the part exceeding 75 percent from authorized fund) to commercial banks at par value, with the target direction of means from implementation of shares into the special account of the RBF "Toshkent" for further development of the stock market, including on carrying out the annual tender "The Best Corporate Management", "The Best Investment Intermediary" and "The Best Investment Adviser", and also on holding the international conferences, "round tables" and seminars in the field of corporate management and the financial market. Funds from the specified special account are spent only in coordination with the Ministry of Finance, Agency on market development of the capital and Agency on management of the state assets of the Republic of Uzbekistan.

2. Take into consideration that:

the cost of the building of RBTs contributed by the State Property Committee of the Republic of Uzbekistan to authorized capital of the RBF "Toshkent" is determined in the amount of 44,0 of one billion bags.;

the decision of the RBF "Toshkent" establishes zero rate of the rent for the rooms occupied by central office and territorial subdivisions of the Center for coordination and control of functioning of the security market under the State Property Committee of the Republic of Uzbekistan in RBTs building.

3. To provide to the State Property Committee of the Republic of Uzbekistan:

in two-month time together with the Center for coordination and control of functioning of the security market under the State Property Committee of the Republic of Uzbekistan increase in authorized capital of the RBF "Toshkent" up to 45 billion bags.;

together with commercial banks payment of in addition issued shares;

the conclusion with the Korea stock exchange of the agreement on exchange of the block of shares of the RBF "Toshkent" in the amount of 25 percent minus one share on delivery and implementation of the Single software and hardware complex for the stock market for the total amount at least 6 million US dollars.

4. Make changes and addition to some decisions of the Government of the Republic of Uzbekistan according to appendix.

5. To impose control of execution of this resolution on the First Deputy Prime Minister of the Republic of Uzbekistan R. S. Azimov.

Prime Minister of the Republic of Uzbekistan

Sh. Mirziyoev

Appendix

to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of May 22, 2012 No. 140

The changes and amendment brought in some decisions of the Government of the Republic of Uzbekistan

1. In the resolution of the Cabinet of Ministers of June 8, 1994 No. 285 "About measures for ensuring effective activities of Republican stock exchange "Toshkent" and development of infrastructure of the security market":

declare Item 8 invalid;

"papers" to add paragraph two of Item 18 of appendix No. 2 after the word with words "stock exchange and".

2. Ceased to be valid according to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of 07.08.2019 No. 650

3. In the resolution of the Cabinet of Ministers of July 28, 2008 No. 160 "About additional measures for development of infrastructure of the security market": the paragraph one of Item 1 to state in the following edition:

"1. Agree with the offer of the State Property Committee of the Republic of Uzbekistan and members of the security market about delivery and implementation by the Korea stock exchange until the end of 2013 on a turnkey basis within the General agreement on upgrade of the security market of the Republic of Uzbekistan of the Single software and hardware complex for the stock market of the Republic of Uzbekistan a minimum of 6 million US dollars including the software, the server and telecommunication hardware, training of local specialists and guarantee maintenance during 1 year providing:";

recognize Items 2 and 3 invalid;

paragraphs two and third item 4 to exclude.

4. Item 13 of the Regulations on procedure for maintaining the Unified state register of the release of issued securities approved by the resolution of the Cabinet of Ministers of December 29, 2008 No. 284 (joint venture of the Republic of Uzbekistan, 2008, No. 12, Art. 70), to state in the following edition:

"13. Record is entered by registering body within three working days after emergence of the bases for modification in the Register, stipulated in Item the 12th this provision.

The registering body has the right to make the decision on exception of issue of securities of the Register based on the written confirmation of body of state registration on entering into the state register of legal entities of record about liquidation of the legal entity".

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

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