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The document ceased to be valid since  June 30, 2014 according to Item 1 of the Order of the Government of the Republic of Kazakhstan of June 30, 2014 No. 732

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of August 18, 1999 No. 1191

About approval of Rules of reorganization in joint-stock companies of the higher educational institutions and the organizations of the scientific and technical sphere which are in republican property

According to the Law of the Republic of Kazakhstan "About joint-stock companies" both the Privatization program and the Government of the Republic of Kazakhstan DECIDES: increases in the effective management of state-owned property for 1999-2000 approved by the order of the Government of the Republic of Kazakhstan of June 1, 1999 N 683, for the purpose of streamlining of questions of reorganization in joint-stock companies of the higher educational institutions and the organizations of the scientific and technical sphere which are in republican property

1. Approve the enclosed Rules of reorganization in joint-stock companies of the higher educational institutions and the organizations of the scientific and technical sphere which are in republican property.

2. To the ministry of science and the higher education of the Republic of Kazakhstan together with Committee of state-owned property and privatization of the Ministry of Finance of the Republic of Kazakhstan to create the working commission with participation of representatives of the interested ministries and departments for determination of terms and types of privatization of the higher educational institutions and the organizations of the scientific and technical sphere which are in republican property.

3. This resolution becomes effective from the date of signing.

 

Prime Minister

Republic of Kazakhstan N. Balgimbayev

Approved by the order of the Government of the Republic of Kazakhstan of August 18, 1999 No. 1191

Rules of reorganization in joint-stock companies of the higher educational institutions and the organizations of the scientific and technical sphere which are in republican property

These rules of reorganization in joint-stock companies of the higher educational institutions and the organizations of the scientific and technical sphere which are in republican property are developed according to the Law of the Republic of Kazakhstan "About joint-stock companies" and Section 5.5. Privatization programs and increases in the effective management of state-owned property for 1999-2000 approved by the order of the Government of the Republic of Kazakhstan of June 1, 1999 N 683, also regulate features of reorganization in joint-stock companies of the higher educational institutions and the organizations of the scientific and technical sphere which are in republican property.

1. General provisions

1. The decision on reorganization of the higher educational institutions and the organizations of the scientific and technical sphere which are in republican property in joint-stock companies is accepted by the Government of the Republic of Kazakhstan in individual procedure on representation of authorized body of public administration.

The created joint-stock companies are legal successors of the rights and obligations of the reorganized higher educational institutions and the organizations of the scientific and technical sphere.

2. Reorganization of the higher educational institutions and the organizations of the scientific and technical sphere which are in republican property

2. The higher educational institutions and the organizations of the scientific and technical sphere which are in republican property are subject to reorganization in joint-stock companies with absolute state participation.

3. Reorganization of the higher educational institutions and the organizations of the scientific and technical sphere which are in republican property in joint-stock companies with absolute state participation in the authorized capital is performed according to the procedure, established by the Government of the Republic of Kazakhstan in each case individually.

4. Forming of the authorized capital of society is made by means of entering into it in accordance with the established procedure as contribution of the state of the property which is registered on balance of the organization at the time of its reorganization.

3. Accounting of interests of employees of higher educational institutions and organizations of the scientific and technical sphere

5. For the purpose of accounting of interests of employees of the higher educational institutions and the organizations of the scientific and technical sphere which are in republican property after their reorganization in joint-stock companies, increase in the authorized capital with additional share issue is allowed according to the decision of general shareholder meeting.

The additional share issue is placed by the closed method mainly among the legal entities formed by employees of the reorganized higher educational institutions and the organizations of the scientific and technical sphere and registered in the procedure established by the legislation.

At the same time the amount of additional share issue shall not constitute more than 25 percent from the general size of the issued authorized capital of society.

6. Share placing of additional issue is allowed only in the presence at this issue of the national identification number assigned by authorized body.

7. Payment of shares of additional issue by the legal entities created by employees of the reorganized higher educational institutions and the organizations of the scientific and technical sphere is made in the procedure established by the legislation. Other, except money, the contribution made in payment for shares, and its assessment shall be confirmed by the auditor.

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