Unofficial translation. (c) Soyuzpravoinform.
of March 22, 2005 No. 50
About approval of the Charter and structure of Azersu Open joint stock company
Due to the execution of item 4 of the Order of the President of the Azerbaijan Republic "About enhancement of management in the field of water supply in the Azerbaijan Republic" of June 11, 2004 the No. 252 Cabinet of Ministers decides:
1. Approve the charter and structure of Azersu Open joint stock company it (is applied).
2. This resolution becomes effective from the date of signing.
Prime Minister of the Azerbaijan Republic
A. Rasi-Zade
Approved by the Resolution of the Cabinet of Ministers of the Azerbaijan Republic of March 22, 2005, No. 50
1.1. The Azersu open joint stock company (further - Society) was reorganized by the Order of the President of the Azerbaijan Republic of June 11, 2004 No. 252 (further - the Order) based on the Absheronsky Regional Joint-stock Water Company created by Millie's resolution of Majlis of the Azerbaijan Republic of May 12, 1995 No. 1038.
1.2. All stocks of Society are owned by the state. As the shareholder of Society on behalf of the state the State committee on property questions of the Azerbaijan Republic acts.
1.3. Society performs the activities according to the Constitution of the Azerbaijan Republic, the laws of the Azerbaijan Republic, decrees and orders of the President of the Azerbaijan Republic, resolutions and orders of the Cabinet of Ministers of the Azerbaijan Republic and this Charter.
1.4. Official name of society:
"completely - Azersu Open joint stock company;" "reduced - JSC Azersu."
1.5. Legal address of society: Azerbaijan Republic, city of Baku, Az. 1012, Tbilissky Prospekt, 67.
2.1. Society is legal entity, has the civil laws and performs civil duties.
2.2. Society has separate property in property, answers for this property for these obligations, has rights to receive and perform on its own behalf the property and non-property rights, to perform duties, to be claimant or the defendant in court.
2.3. Society has bank accounts, official stamp and separate balance.
2.4. Shareholders of Society do not answer for obligations Society and bear risks for damage in connection with activities of Society within cost of the stocks owned by them.
2.5. Society can create and liquidate the representations which are its separate division located in distance from location and representing and protecting the interests of Society.
2.6. Society can create or liquidate the branch located in distance from its location which is its separate division and performing all functions or part of functions of Society including functions of representation.
2.7. Representations and branches are not legal entities and are effective according to the rules approved by Society.
2.8. Society can create joint business with local, foreign and legal entities according to the procedure, established by the legislation.
2.9. According to the legislation of the Azerbaijan Republic Society can create affiliated enterprises (societies) having the status of the legal entity.
2.10. Society can use means of international financial institutions in accordance with the established procedure.
3.1. Main objective of Society is production, performance of works, provision of services for accomplishment of special and economic orders to destination in settlements of the Azerbaijan Republic and satisfaction of social demand and profit earning.
3.2. The main functions of Society consist in management of the companies which are under its supervision, coordination of their activities and supervision of them, and also under preparation of offers on implementation of state policy in this area for the purpose of the organization of water supply and sewer service in the territory of the republic.
3.3. For this purpose Society:
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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The document ceased to be valid since April 29, 2024 according to the Resolution of the Cabinet of Ministers of the Azerbaijan Republic of April 26, 2024 No. 232
Attention! The document is provided as of April 11, 2019