Article 11. Competence of the Government of the Republic of Kazakhstan in the field of state property management of the Law on State Property

Home / RLA / Article 11. Competence of the Government of the Republic of Kazakhstan in the field of state property management of the Law on State Property

Government of the Republic of Kazakhstan:

1) implements a policy of effective management of state property;

2) issues regulatory legal acts in the field of state property management within the limits of its competence;

3) organizes the management of state property, develops and implements measures for its use, ensures the protection of state property rights;

4) makes decisions on the establishment, reorganization and liquidation of republican legal entities, national management holdings, national holdings, national companies, as well as other joint-stock companies and limited liability partnerships in respect of which the Republic of Kazakhstan is the sole shareholder (participant);

5) decides on the issue or refusal to issue a permit for encumbering strategic facilities with the rights of third parties or their alienation;

6) excluded by the Law of the Republic of Kazakhstan dated 09/29/2014 No. 239-V (effective ten calendar days after the date of its first official publication);

7) excluded by the Law of the Republic of Kazakhstan dated 09/29/2014 No. 239-V (effective ten calendar days after the date of its first official publication);

8) excluded by the Law of the Republic of Kazakhstan dated 09/29/2014 No. 239-V (effective ten calendar days after the date of its first official publication);

9) excluded by the Law of the Republic of Kazakhstan dated 09/29/2014 No. 239-V (effective ten calendar days after the date of its first official publication);

9-1) excluded by the Law of the Republic of Kazakhstan dated 09/29/2014 No. 239-V (effective ten calendar days after the date of its first official publication);

10) adopt resolutions on the commencement of compulsory alienation of a land plot or other immovable property in connection with the seizure of a land plot for state needs or the termination of compulsory alienation of a land plot or other immovable property in connection with the seizure of a land plot for state needs;

11) decides on the privatization of organizations that are subjects of a natural monopoly or market entities that occupy a dominant or monopolistic position in the market;

12) decides on the transfer of shares of joint-stock companies and stakes in limited liability partnerships in respect of which the Republic of Kazakhstan is a shareholder (participant), and strategic facilities owned by the Republic, to pay for shares of the joint-stock company or to the authorized capital of the limited liability company;

12-1) decides on the establishment of a state-owned Islamic special financial company, on the issue of state-owned Islamic securities, on the basis of which the sale of state property to a state-owned Islamic special financial company is carried out with the obligation to buy it back, on the replacement of property sold to a state-owned Islamic special financial company, as well as on the early redemption and (or) repayment of state-owned Islamic securities in accordance with the terms of issue of government Islamic securities;

13) decides on the acquisition of shares of a joint-stock company and a share in the authorized capital of a limited liability company as part of the republican property;

14) exercises the right of the state as a shareholder (participant) to participate in the management of national management holdings, national holdings, national companies, other joint-stock companies and limited liability partnerships with the participation of the state or grants this right to the authorized body for state property;

15) makes decisions on the use of material assets of the state material reserve to provide regulatory influence on the market, assistance to refugees and humanitarian assistance;

15-1) is excluded by the Law of the Republic of Kazakhstan dated 04/19/2023 No. 223-VII (effective ten calendar days after the date of its first official publication).

15-2) determines the limits of certain types of administrative expenses of national management holdings (with the exception of the National Welfare Fund), national holdings and national companies whose controlling stakes are owned by the state, as well as national companies that are part of national management holdings (with the exception of national companies that are part of the National Welfare Fund group), national holdings and the mechanism of their monitoring.

The limits of certain types of administrative expenses of the National Welfare Fund, as well as national companies that are part of the National Welfare Fund group, are approved in accordance with the Law of the Republic of Kazakhstan "On the National Welfare Fund";

15-3) decides on the acquisition of shares, stakes, units and other forms of equity participation in legal entities registered in accordance with the applicable law of the Astana International Financial Center, exercises the right of the state as a shareholder (participant, contributor, member) to participate in the management of such legal entities or grants this right to the authorized body for state regulation property;

16) exercise other powers provided for by the Constitution, this Law, other laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.

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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