Article 186. Exercise by the State of the rights of a shareholder (participant in a limited liability company) to receive a portion of the income of a joint-stock company (limited liability company) The Law on State Property
Authorized bodies of the relevant industry and local executive bodies exercising the rights of ownership and use of a state-owned block of shares (stakes in the authorized capital) of a joint-stock company (limited liability partnership) of which the state is the sole shareholder (participant) when holding annual general meetings of shareholders (participants) in accordance with the procedure established by the legislation of the Republic of Kazakhstan, take measures to allocate part of the net income of a joint-stock company (limited liability partnership) for the payment of dividends (income) in the amount specified in the Budget Code of the Republic of Kazakhstan.
This article applies to cases where the State acts as a founder (participant, contributor, shareholder, member) of legal entities registered in accordance with the applicable law of the Astana International Financial Center, to the extent that it does not contradict the acts of the Astana International Financial Center.
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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