Article 100-1. The cost of the privatisation facility The Law on State Property

Home / RLA / Article 100-1. The cost of the privatisation facility The Law on State Property

 1. The initial price of the privatisation object is determined on the basis of a valuation report on the privatisation object submitted by independent consultants or an appraiser, and is set by the commission on the privatisation of State-owned objects in the amount of the book value or estimated value, depending on which value will be the highest.

Privatisation objects are offered for sale at a starting price not lower than the initial price of the privatisation object, except in cases of second and subsequent auctions.

2. The valuation of privatisation facilities, the book value of which is more than 2,500,000 times the monthly calculation index established by the law on the republican budget and effective on January 1 of the relevant financial year, is carried out by independent consultants in accordance with international valuation standards.

3. The valuation of privatisation facilities, the book value of which is less than 2,500,000 times the monthly calculation index established by the law on the republican budget and effective on January 1 of the relevant financial year, is carried out in accordance with the legislation of the Republic of Kazakhstan on valuation activities.

4. Independent consultants are legal entities, including foreign ones or their associations, participants in valuation and (or) investment activities, and (or) financial consulting, engaged by the seller in order to assess the value of the privatisation object and (or) support the transaction on privatisation objects.

5. Legal relations regulated by the legislation of the Republic of Kazakhstan on state property regarding the selection of an independent consultant are not subject to the legislation of the Republic of Kazakhstan on public procurement.

The involvement of an independent consultant is carried out in accordance with the procedure determined by the central authorized body for state planning.

 6. The sale price of the privatisation object is determined based on the results of the auction.

The Law of the Republic of Kazakhstan dated March 1, 2011 No. 413-IV.

This Law defines the legal regime of state property, the legal basis for the management of State property, including property assigned to State-owned legal entities, and state-owned shares and stakes in the authorized capital of legal entities, the legal grounds for the acquisition and termination of rights to state property, and is aimed at ensuring the effective exercise by the State of the rights of the owner and holder of other rights. on state property.

President

Republic of Kazakhstan

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