Government Decree

Government’s order to create OJSC “Guarantee Fund”

 THE GOVERNMENT OF THE KYRGYZ REPUBLIC

ORDER

of 23 June 2016 №288-р

To provide financing for small and medium-sized enterprises in accordance with the Law of the Kyrgyz Republic on “Guarantee Funds in the Kyrgyz Republic”, articles 10 and 17 of the Constitutional Law of the Kyrgyz Republic on “the Government of the Kyrgyz Republic”:

 

  1. To The State Property Management Fund under the Government of the Kyrgyz Republic according to established procedure:
  • to create open joint stock company “Guarantee Fund” with 100% participation of the Government in its authorized capital;
  • to determine the authorized capital of open joint stock company “Guarantee Fund” in the amount of KGS 72 000 000 (seventy-two million) divided into 720 000 (seven hundred twenty thousand) ordinary registered shares with the nominal value of KGS 100 (one hundred) per share;
  • to ensure payment for the outstanding shares of open joint stock company “Guarantee Fund”;
  • to form Management and Control Bodies of open joint stock company “Guarantee Fund”;
  • to approve the charter of open joint stock company “Guarantee Fund” in conjunction with the Ministry of Economy of the Kyrgyz Republic and make state registration of open joint stock company “Guarantee Fund” with the authorities of Justice of the Kyrgyz Republic;
  • in conjunction with the Directorate of Affairs of the President and Government of the Kyrgyz Republic to provide a place for open joint stock company “Guarantee Fund” in the state administrative building located in Bishkek

 

  1. To the Ministry of Finance of the Kyrgyz Republic:
  • to find and allocate, in consultation with the Committee on Budget and Finance of the Jogorku Kenesh of the Kyrgyz Republic, funds in the amount of KGS 72 000 000 (seventy-two million) to the State Property Management Fund under the Government of the Kyrgyz Republic to form the authorized capital of open joint stock company “Guarantee Fund”.

 

Prime Minister                                                               S. Sh. Jeenbekov