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On the Specifics of the Sale of State-Owned Share Packages in the Charter Capital of Banks
This law establishes the regulation of the process for selling state-owned share packages in the charter capital of banking institutions. The main provisions of the law cover the following aspects:
1. Definitions
The law defines key terms used in the process of share sales, such as “state share package,” “banking institution,” “buyer,” “competitive forecast,” and others, ensuring unambiguous interpretation of terminology.
2. Criteria for Selecting Buyers
Requirements are established for potential buyers of state share packages. These may include qualification requirements, financial capability, absence of conflicts of interest, and other criteria aimed at ensuring proper management of banks post-sale.
3. Procedure for Selling Shares
A step-by-step procedure for the sale of state shares is described, including preparatory stages, announcements of tenders or other forms of competitive selection, the process for submitting applications from potential buyers, and the evaluation of proposals.
4. Valuation of Shares
The law defines the methodology and criteria for the valuation of shares owned by the state in banks. This includes financial indicators, market conditions, development prospects of the bank, and other factors important for fair valuation.
5. Ensuring Transparency of the Process
Requirements are established to ensure transparency and openness in the sale process, including the publication of information regarding the stages of the sale, results of proposal evaluations, and other important data for the public and interested parties.
6. Regulation of the Conditions for the Transfer of Shares
The legal and administrative aspects of transferring shares from the state to the new owner are described, including the preparation of documents, registration of ownership changes, and other necessary procedures.
7. Oversight and Supervision
The authorities responsible for monitoring compliance with the requirements of the law during the process of share sales are identified, as well as mechanisms for controlling the fulfillment of the terms of the agreement after the sale is completed.
8. Liability for Violations
Sanctions and liabilities of entities for violations of the requirements of this law are described step-by-step, including administrative, financial, and other types of liability.
9. Transitional and Final Provisions
Provisions regarding the entry into force of the law, as well as regulations for all necessary procedures for its implementation and integration with existing legislation, are included.
This law aims to ensure an effective and transparent process for the sale of state-owned share packages in banks, contributing to the optimization of ownership structure and enhancing the efficiency of banking institutions.[:]
