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A Non-Profit Organization Of State Joint Stock Company "privatization Agency" Statute

Original Language Title: Bezpeļņas organizācijas valsts akciju sabiedrības "Privatizācijas aģentūra" statūti

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The Republic of Latvia Cabinet of Ministers of 25 March 1997 in regulation. 110 in Riga (15.12. ¤) a non-profit organization of State joint stock company "Privatization Agency" Statute Issued in accordance with the law "on State and municipal property privatisation of object" article 7 i. General questions 1. Non-profit organisation State joint stock company "Privatization Agency" (hereinafter referred to as the Agency) is a public joint stock company in which all the principal and all the voices belong to the State.
2. the Agency is a non-profit organization.
3. the full name of the Agency — a non-profit organisation State joint stock company "Privatization Agency", short name — the privatisation Agency.
4. the Agency's founder is the State in the person of the Cabinet.
5. the Agency is established by the Cabinet of Ministers of 29 March 1994, order No. 149-r according to the law "on State and municipal property privatisation of objects".
6. the Agency's shareholder is the Ministry of economy.
7. the Agency throughout its lifetime is a public limited company, and it is not privatizējam.
8. the Agency aims to provide object state property privatization according to the law "on State and municipal property privatisation of object" and other laws.
9. the Agency's main direction is the privatization of State property object. The activities of the Agency additional directions are: 9.1. consultative activities of privatization and business matters;
9.2. courses, seminars and other events at privatisation and business matters;
9.3. the publishing of privatisation;
9.4. municipal property privatisation and evaluation of objects on a contractual basis;
9.5. other national and municipal property assessment objects on a contractual basis;
9.6. other actions in accordance with the laws and regulations.
10. the Agency also carries out other activities and tasks that are laws or other laws or put to it by the Cabinet of Ministers.
11. the Agency shall operate in the law "on State and municipal property privatisation" of objects, the law "on joint stock companies", other laws, regulations, and the terms of reference.
12. the Agency shall have legal personality, it has its own balance and settlement accounts. The Agency has all the legal rights of the individual.
13. The Agency is a separate thing, it can get the property in its own name and personal property rights and not to assume obligations, it may be a plaintiff and defendant in court or in arbitration, to do business in the territory of the Republic of Latvia and abroad in accordance with the Agency's objectives and functions.
14. the Agency is liable for its obligations with all property belonging thereto, to which under the law can draw power.
15. the State is not responsible for the obligations of the Agency, and the Agency is not responsible for the obligations of the country.
16. the Agency does not have civil responsibility for its control or possession of the privatizējam State property object their debts and other liabilities.
17. in the framework of the Agency, in accordance with the Arbitration Act.
18. The Tribunal hears disputes arising from civil law relations between the privatised companies (companies), privatizējam enterprises (companies), as well as any other dispute, if the parties to the dispute so pielīguš.
19. the Agency shall have a seal with the Republic of Latvia the small coat-of-arms and seal with the picture of the emblem and name of the Agency.
20. The law provided for in these statutes and in advertisements, the Agency publishes the newspaper "journal".
21. the Agency's legal address: k.Valdemara Street 31, Riga, LV-1010.
II. capital and reserves of the Agency 22. the Agency's formation capital is 350000 dollars.
23. the Agency's capital is 1765000. Share capital divides the 1765000 into ordinary shares with voting rights. The nominal value of each share is one dollar.
24. the Agency's registered capital is 1765000 million lats.
25. the Agency may increase or decrease the share capital, if the Cabinet had accepted the decision.
26. Share capital rules up or down approved trustee (hereinafter referred to as the trustee).
27. If the share capital increases or decreases, these statutes should be amended accordingly, for which the Agency's Management Board (hereinafter the Board) shall notify the Registrar of companies.
28. the Agency may increase the share capital by attracting additional capital or converting part of the capital accumulated in the Agency of its share capital.
29. If the share capital increase, with the involvement of additional capital, it can invest only in the person of the Cabinet.
30. If the share capital increase, with the involvement of additional capital and pay for the shares, investing in physical things, contribution should be assessed and must be drawn up and published in the expert opinion of the law "on joint stock companies".
31. If the share capital increase of the Agency by transforming part of the capital accumulated in the Agency of its share capital, share capital should be included in the Agency's it agency property part, which after a year of the balance sheet or exceptional approval of the balance sheet exceeds the amount of the share capital.
32. the Agency may reduce the share capital the share capital reduction by deleting submitted for shares.
33. Capital reduction rules after their registration in the business register to be published in the law "on joint stock companies".
34. the Agency's income over expenditure in favour of excess reserves (Reserve Fund), which advances to the next financial year. This amount is not subject to corporate income tax, and cannot be removed or added into the State budget.
35. Reserves (Reserve Fund) funds exclusively State property privatisation process of organisational support under the legislation.
36. other capital and provisions the Agency is not allowed.
37. the Agency is not empowered to make donations, loans, guarantees and other State property privatisation and its related expenses for the organisation.
38. the Agency may omit the bonds.
39. The first bond issuance agency may be implemented only after two years of operation of the approval of the report.
40. the total value of the bonds at the time of their release should not exceed 50 per cent of the share capital of the Agency.
41. the decision on the bond issue is accepted, the Cabinet of Ministers.
III. Office of the Agency the Agency 42. governing body is the general meeting of shareholders, the Board of the Agency (hereinafter referred to as the Council) and the Board.
43. The general meeting of shareholders of Governors.
IV. The trustee the trustee Agency 44. State Minister, who is overseeing the privatization of State property. The trustee shall operate in accordance with the law "On State and local capital management companies" and the law "on State and municipal property privatisation" of objects.
45. only trustee, performing the functions of the general meeting of shareholders shall have the right: to consider Council and 45.1. the Board reports and to confirm the Agency's annual report;
45.2. the release from liability of the members of the Board for the previous year;
45.3. acting on a proposal from the Executive Board to approve the Agency's annual activity plan and the estimated costs;
28.2. to appoint and relieve of Office of the members of the Board (other than the Director-General) and certified auditor, to rule on a claim or complaint against them or on lifting this claim or complaint;
28.3. appoint a Special Commission to increase in value of property or for the detection of reduction, as well as to approve the Commission's current assessment;
45.6. confirms the Agency's share capital increase and reduction;
28.4. to appoint the liquidators of the Agency after the Cabinet passed a resolution for winding up the Agency.
46. following a proposal from the Governor, the Cabinet of Ministers adopted decisions on: 46.1. amendment of the articles of the Agency;
46.2. the Agency's share capital increases or decreases;
46.3. the members of the Council of the appointment, termination of Office, pursuant to paragraph 53 of these statutes;
46.4. The Director General of the Agency the appointment, termination of Office;
46.5. the Agency's bond release;
46.6. Winding up the Agency.
47. decisions taken by the trustee be in writing.
48. The Cabinet of Ministers or Prime Minister may revoke the proxy's decisions if they do not comply with the laws and other regulatory requirements.
49. The trustee does not interfere with the Agency's economic and financial activities, the operational management and does not switch on behalf of any Agency transactions.
50. The proxy can not be a Board member and a member of the Council of experts.
51. The Prime Minister with your order you can ask another person to perform the functions of a trustee, if the Minister, the Agency which oversees the privatization of State property, illness or other cause is unable to perform the functions of a Governor.
V. the Council 52. the Agency monitored by the Council that the law "on joint stock companies" and within the limits set out in these statutes shall control the operation of the Board.
53. the Council shall consist of five persons recommended by the Governors and one by one each of the Parliamentary factions suggest representative.
54. The members of the Council are appointed to and released from Office by the Cabinet of Ministers.
55. A member of the Council may not be a member of the Board, a member of the Council of experts and agencies sworn auditor.

56. The members of the Council two weeks after appointment give written notice to the trustee, under which undertakings (companies), national and local institutions, organizations or institutions they work.
57. in paragraph 56 of these statutes within that period, the members of the Council shall notify the trustee in writing, some companies (companies) they had, what companies they own shares in the company to which they are Board members. The above information also provide members of the Governing Council for the spouse, relatives and brother-in-law, counting up to the third degree of kinship and affinity to the second degree.
58. Council members throughout their term of Office is obliged to report to the trustee for 56 and 57 of these statutes. in paragraph facts within a month of the event in question.
59. at least two-thirds of the number of the Council members must be citizens of the Republic of Latvia and the other members of the Council must be Latvian residents who lived in Latvia not less than 21 years.
60. The Council members shall be appointed for a maximum period of three years.
61. A member of the Council may not delegate his duties to another person.
62. the members of the Council to the Cabinet decision may at any time be removed from Office.
63. Removing the Member from the post, the Cabinet of Ministers at the same time decide on his release from liability for the last year.
64. the Council may at any time submit a request to release him from the duties assigned. In this case, the Board of his duties and responsibilities of the Governors who released it shall notify the Minister of the Cabinet.
65. For any change in the composition of the Agency members of the Council shall notify the Registrar of companies, and these changes are in effect with the moment of registration in the register of companies.
66. The President of the Council is the Governor.
67. The members of the Council shall elect from among its members a Vice-Chairman of the Council.
68. the Deputy Chairman of the Council shall carry out the duties of the President of the Council of the President of the Council only prolonged absence (illness, a business trip, leave) or on behalf of the Chairman, as well as if the Governor is not appointed.
69. the Council oversees the activities of the Agency.
70. The Council shall examine complaints concerning the decisions of the Board concerning the privatisation of State property object.
71. If the decision of the Board does not meet the requirements of the law, the Council, noting that a legislative provision is violated, the Board eliminated the irregularity.
72. The Council also has the following tasks: 72.1. constantly to control the operation of the Board and to ensure Agency things are sorted in accordance with the regulations, these statutes and the decisions of the Governor;
72.2. check Board expenditure and submitted along with your feedback, submit it to the Governor for approval;
72.3. checking the Agency's annual report;
72.4. acting on a proposal from the Executive Board to approve the appointment of the expert members of the Council;
72.5. to represent the Agency before the courts in all the Agency's requirements brought against members of the Management Board, as well as the requirements of Board brought against the Agency;
72.6 at above to examine any question relating to the activities of the Agency, which in accordance with these statutes fall into the Cabinet, and the competence of the Governors or the Executive Board or Council member proposed to examine the trustee, and give an opinion about them.
73. The Council shall have the right at any time to request a Board review of the Agency's activities.
74. The Board may inspect the records and documents of the Agency, as well as that, securities and other property.
75. the Council may entrust these statutes the check referred to in paragraph 74 to a Board member or call upon expert individual matter.
76. The Council has the right to require the Board to report on State property privatization, individual State property privatization of objects.
77. the Council may ask the Board to provide regular reports on the State of the economy a significant privatization of State property of the object and before the decision to inform the Council about the decision projects prepared for that object in the privatization.
78. The Council shall be convened by the President of the Council at least once every quarter. Each Member of the Council, as well as the Governing Board shall have the right to request the convening of the meeting of the Council by reason of the need for convening the meeting and its purpose.
79. If the President of the Council two weeks does not comply with the request of the members of the Council, convened the meeting proposed is right to convene a meeting of the Council.
80. the Council are valid if they are sitting on more than half of the number of members of the Council.
81. the Council takes decisions by a simple majority. Votes by a similar, the President of the Council shall have a casting vote.
82. If the Council does not agree with the decision of the Council and vote against it, he was on the Council's decision is not responsible for, and his different thoughts to record the minutes of the Council.
83. minutes of meetings of the Council shall be signed by all the members of the Council present at the meeting.
84. If the interests of the Agency facing a Council Member, his spouse, relative or interests, including brother-in-law relationship up to the third degree and up to the second degree of affinity, concerned in the matter, the Member concerned may not participate and it celebrated the Council meeting minutes.
85. The members of the Council, to have violated those requirements, are responsible for the State and the damage caused to the Agency.
86. The proxy for the current year expenditure of the Agency shall determine the amounts of the emoluments of the members of the Council spending. The remuneration of the members of the Council shall be determined by the Council.
87. The Council shall not have the right to decide matters within the competence of the Management Board, the Executive Board, however, requires the prior consent of the Council the following question in the decision: 87.1. the acquisition, increase or decrease in other companies;
87.2. joining public organizations, associations and international organizations;
101.8. real property purchase, selling or burdening with debt.
Vi. Executive Board. the Board knows and 88 runs all the Agency's case. It is responsible for all of the Agency's economic and financial activity, as well as on the legislative requirements of appropriate accounting.
89. the Executive Board shall represent the Agency issues where the Agency does not represent the Governor and Council.
90. the Executive Board shall manage the property of the Agency and the Agency's funds are handled according to the law "on joint stock companies", regulations, these statutes and the decisions of the Governors.
91. The Executive Board shall decide upon the activities of the Agency in all matters except those that contain only the Governor and the Council.
92. the Executive Board shall organise the privatisation of State property object.
93. the Executive Board approved the specific object of State property privatization rules after the Council of experts for them issued opinions in accordance with the procedure laid down in these statutes.
94. The Board's activities and the obligations of the members of the Board shall be determined by the Chairman of the Management Board, the Director General of the Agency.
95. the Director-General is binding on all members of the Board applied the restrictions and rules on the liability of the members of the Board.
96. The Director-General by the Governor's Office approved a proposal by the Cabinet of Ministers.
97. at the proposal of the Director-General, the Governor appointed the remaining members of the Board.
98. The Executive Board shall consist of five members.
99. at least half of the number of members of the Board must be citizens of the Republic of Latvia, but the rest of its members must be loyal citizens of the Republic of Latvia, who lived in Latvia not less than 21 years.
100. the members of the Management Board shall be appointed for a maximum period of three years. Board members may be reappointed for a new term.
101. the powers, contracts and other documents signed by the Director-General or the Board authorized persons.
102. Bank and cash documents in accordance with the laws and regulations of the Board signed by authorized personnel.
103. For any change in the composition of the Management Board, as well as change the signature of the members of the Executive Board of the National Agency shall notify the Registrar of companies, and these changes are in effect with the moment of registration in the register of companies.
104. the Executive Board shall take account of the expenditure of the Agency. The Agency's expenditure each year, approved by the Governor.
105. If the interests of the Agency is faced with some of the members of the Management Board, his spouse, relative or interests, including brother-in-law relationship up to the third degree and up to the second degree of affinity, the question of an interest decision by the Board not to participate, and it celebrated Board meeting minutes.
106. Board members who violated those requirements, are responsible for the State and the damage caused to the Agency.
107. the Board meeting shall be convened by the Director General at least once a week.
108. the Executive Board shall be valid if they are sitting on at least half the number of members of the Board.
109. Each member of the Executive Board Board meeting shall have one vote.
110. the Governing Board shall adopt decisions by simple majority. If the votes are divided into similar, the Director-General shall have a casting vote.
111. If the Board does not agree with the decision of the Board and vote against it, he is not responsible for the decisions of the Board and his different opinion must be recorded in the Board minutes.
112. the Board noted in the minutes, as the matter concerned has been voted the present each Board member.
113. the minutes of the proceedings of the Board signed by all Board members present at the hearing.

114. The Governor may, at any time, Board members suspended from duties entrusted to him or removed from Office.
115. The Executive Board may request from the Agency reimbursement of the loss that he has suffered due to the suspension from duties assigned or removal from Office, if it was not justified.
116. The Council shall have the right at any time to recommend censure the Executive Trustee of the duties entrusted to him, if the Board committed a serious infringement or does not correspond to the job position.
117. the decision on the release of the members of the Board of Governors shall be adopted by the Office.
118. The decision on the termination of Office of the Director-General after the trustee accepts the proposal by the Cabinet of Ministers.
119. The Board may at any time submit a request to release him from the duties assigned.
120. the Board member must not be another company (the company), the State or local government institutions, organisations or bodies, as well as other employees of the company or the Executive Council.
121. The Board with the permission of the Director-General may take only pedagogical, scientific or other creative work, but the jobs mentioned by the Director-General may be carried out with the permission of the Governor.
122. The Director-General and the members of the Management Board within a period of two weeks after the appointment, notify the trustee in writing, any enterprises or companies they own, what companies they own shares in the company to which they are members of the Council or the Executive Board, as well as State or municipal governors. The above information also gives the members of the Executive Board of the spouse, relatives and brother-in-law, counting up to the third degree of kinship and affinity to the second degree.
123. In the month following appointment, the Director General and the Board members left the post of Board members in other companies, and on the register of enterprises must be annotated accordingly.
124. the Board members throughout their term of Office is obliged to notify the trustee of these statutes and in paragraph 122.123. these facts in the month following the event.
125. the Agency's operational management is carried out by the Director-General. The Director-General shall, consistent with the laws and statutes on behalf of those Agencies: 125.1. Agency interests representing State and local government institutions, as well as in other institutions and organizations, enterprises and institutions;
125.2. handling the Agency's property and funds;
125.3. closed economic and labour agreements (contracts);
125.4. issuing powers;
125.5. open settlement bank accounts and other accounts;
125.6. Approves the staffing of the Agency;
125.7. determine the amount of remuneration for employees of the Agency;
125.8. in matters within their competence, issues orders (orders) and dod instructions, which is mandatory for all staff of the Agency.
126. The Director General recruiting and dismissal of employees of the Agency of the Latvian labour code set out in the order.
127. the Executive Board shall provide a quarterly report to the Council on its activities, but at the end of the year the following message provides the proxy holder.
128. The Director-General shall inform the Chairman of the Board and trustee of every important aspect of the activities of the Agency.
129. the Council and the members of the Board carry out their duties in accordance with the law and these articles of Association.
130. If the Council and the members of the Board Act illegally, violating its mandate, does not comply with the law and these statutes, decisions and instructions of the Governor or acting negligently or intentionally misused for a State Agency and the damage caused to the creditors they shall be jointly and severally liable for the full amount of all his property.
VII. Activities of the Agency for privatization of State property object in 131. The activities of the Agency in the State property privatization of objects is managed and organised by the Management Board.
132. The Executive Board consultative assistance for privatisation of State property matters provides expert advice.
133. The activities of the Agency in the State property privatization of objects determines the rules, regulations and other documents, the Agency shall establish, on the basis of the law and these statutes.
134. the documents that define the Organization of the Agency, approved by the Executive Board, but the documents governing the privatization of State property, the object of the organisation, approved by the Governor.
135. The Agency gathers and privatisation proposals submitted following the decision of the Board shall prepare a Cabinet decision for the State property transfer of privatization of objects.
136. the Agency may, on its own initiative, to designate the privatizējamo objects and prepare the Cabinet decision for the State property transfer of privatization of objects.
137. the Agency is managed and the extent of their competence with the national property for objects in accordance with the decision of the Cabinet of Ministers passed a privatisation Agency. The Agency also handles the State property for objects passed to the agency or possession, in the absence of a decision on the privatization.
138. with regard to the stricken State property object Agency carries out functions that the law "on State Enterprise" certain ministries, as well as the functions of the employer in respect of State property management of the object.
139. the Agency's public shareholders the privatization of national votes or held shares in companies incorporated companies and national.
140. in the implementation of the management, occupancy and possession rights, laws and regulations, the Agency may, in cases and in the order to break the employment contract concluded with the national privatizējam company directors and cancel contracts with national authority incorporated companies and national capital State Governors.
141. The decision on the termination of employment and the abolition of the authorisation agreement shall be adopted by the Management Board.
142. the Agency shall, pursuant to the objectives of privatisation and subsequent use of object concept, taking steps to prepare for the privatisation of State property object.
143. In preparing the object for privatisation, the Agency may cancel any State property object in privatizējam rental agreements if they are not sealed and registered in accordance with the procedure prescribed by law, as well as State property object in privatizējam control optional executable tasks relating to State property privatization of objects.
144. the agency organises and carries out the privatizējam object state property assessment, also in cases where public property is invested in the company, as well as on the fringe of privatisation of other, unrelated, State property object.
145. In organizing a national property object, the Agency may conclude with experts, enterprises and companies for evaluation.
146. the Agency for an additional fee, you can perform any other property object.
147. the Agency shall prepare and submit to the Ministry of the economy, proposals for a decision on the renewal of former owners, if the corresponding property objects or parts thereof located in the Agency's management, as well as performing other actions in accordance with the law on restoration of property rights to businesses and other property objects ".
148. The Agency's staff in accordance with the procedure laid down by the Executive Board shall elaborate and approve the Management Board given the privatization of State property of the object.
149. the Agency shall identify and define the new owner in marketable privatizējam State property rights and obligations of the object as a whole.
150. the Agency shall organise the public property of the privatizējam object offers, sale of State property object, the State property-companies, the involvement of private capital in the country, as well as the privatisation of incorporated companies over the course of the country reorganize or disposed companies or incorporated companies.
151. the Agency shall, after consultation with the State property of the object potential buyers evaluate their proposals, and the Board shall decide whether the object specified in the privatised the applicant or group of applicants.
152. the Agency on behalf of the State shall conclude contracts for the Agency released State property sales and other State property privatization of objects of related legal acts.
153. the Agency control of contracts concluded (well before the establishment of the Agency contract concluded) and make laws and contractual activities of contract enforcement, the statutory procedure terminates the contract, if the subject of privatisation does not comply with the provisions of the Treaty.
154. the Agency laws and other regulations in accordance with the procedure laid down for the amendment of the approved State property privatization rules and objects of privatization projects, as well as to make the relevant amendments to the contracts concluded. Decisions in these matters shall be adopted by the Management Board.
155. the Agency laws and other legislation in the cases and in the order specified by the State budget of tax payments, the principal sum of the capitalization.
156. the agency organizes privatizējam, owned or held by the State, as well as mortgage companies, warranty, guarantee, register and other registers, in which the State-owned capital exceeds 50 per cent of the share capital of the company.
157. Register sorting determines the Governors approved rules.
158. The register shall include the news agency to other persons in the cases provided for in the by-laws provide.

159. the Agency shall provide the State property privatization funds and the settlement with the State and municipal property privatisation funds 186. these statutes in accordance with the procedure laid down in paragraph 1.
160. State property privatization agency organized in the course of privatization certificate payment control, privatization certificates obtained records and delete.
161. In carrying out its functions, the agency organizes national property object, tender auctions, with simultaneous conversion of the incorporated companies in their capital, as well as the sale of State shares in the company, if required by the chosen method of privatization or privatisation.
162. In carrying out its functions, the Agency shall have the right to request and receive from State and local government institutions, national companies, State Governors Committee on statistics, business register and national businesses and incorporated companies in any of the necessary with the State and municipal property privatisation object-related information.
163. Organizing privatization, the Agency shall ensure the privatisation process and the transparency of the activities of the Agency and the public, as well as the privatisation of the entity's confidentiality of documents submitted to the conservation law.
VIII. the Expert Council, the Council of experts is 164. advisory body that assesses the State property privatization according to the object of the provision and the other with the privatisation of object-related documents before the Board for approval and gives its opinion on them.
165. the members of the Council of experts — experts, acting on a proposal from the Executive Board, approved by the Council.
166. the experts may have different industry professionals and members of the public.
167. the work of the members of the Council of experts organised by the Management Board.
168. the Council, acting on a proposal from the Executive Board, may at any time release a member of the Council of experts of the duties entrusted to him, if he do not systematically carry out their duties, if his professional knowledge is not sufficient for the performance of his duties or if he uses his expert status selfish interests.
169. the Council may at any time submit a request to release him from the duties assigned. In this case, the Expert Council member from his Office released by the Council.
170. the Expert Council member two weeks after the appointment, notify the Board in writing, some companies (company), a company he owns his own capital and the companies he has Board member.
IX. Organization of the work of the Agency, media and their use in 171. the Agency shall exercise its activities according to these statutory objectives and lines of action.
172. Organization of the work of the agency determines the Board approved the Agency's internal rules.
173. the Agency's regulations implementing the requirements laid down in the labour protection, health protection, environmental protection, human security in emergencies and natural disasters and other areas set out in the law "on business".
174. the labour relations agency governed by the labour code of Latvia.
175. the Agency may not work with persons who are between close relatives or spouse's relatives, if they are exposed to the common work of one another or directly control each other.
176. the Agency's staff wage and material stimulus rules determined by the Governing Board in accordance with the laws and decisions of the Governors.
177. the Agency's officials are the Director-General, members of the Management Board, as well as other employees under the anti-corruption law.
178. The Agency's list of employees who are recognizable as officials confirm the Governor.
179. officials of the agency business, income generation, job connect and work limitations of default, as well as other related constraints, duties and responsibilities determined by the anti-corruption law.
180. If the Agency's staff is not an official, his operating restrictions and responsibility for those State property privatization of objects he directly organizes or supervises, determines the anti-corruption law.
181. the Agency's resources constitute the consideration for the State property privatization of objects and income from additional activities.
182. Reimbursement of State property privatization of objects of the Agency receives in the form of deductions from total State property for privatization funds. The amount of the deduction and receiving the order is determined by the Cabinet of Ministers regulations.
183. the remuneration of State property privatization of objects: 183.1. fixed deductions for financing the activities of the Agency, independent of the nature of the object privatizējam;
183.2. deductions for specific privatisation operations which differentiated after privatisation objects defining parameters depending on whether the transaction is carried out by the Agency employees or subcontractors.
184. Income from additional activities: 184.1. income from the Statute of the Agency referred to in paragraph 9 of the supplementary activities;
184.2. any other agency's income which exceeds the statutory remuneration referred to in paragraph 183 of the State property privatization of objects.
185. the Agency's additional activities in the use of earned income is determined by the Board, subject to the laws and regulations of these terms of reference.
186. After deduction of any expenditure of privatisation proceeds from State property privatization in favour of objects of State property privatization Fund and municipal property privatisation Fund Law "on State and municipal property privatisation funds".
X. Agency annual report 187. the Agency shall organise accounting and statistical tracking, and shall draw up and submit an annual report in accordance with the law "on accounting" and the law "on the annual accounts of companies ' requirements.
188. For the Accounting Board is responsible for sorting.
189. the Agency's report includes 12 months a year, and it coincides with the calendar year.
190. every year the Agency shall draw up a joint annual report, which includes a balance sheet, profit and loss statements, the annex and the message.
191. the Agency's annual report approved by the Governor.
192. after the Governor approved the Agency's annual report, the Agency's excess of income over expenditure included in the reserves (Reserve Fund).
193. No later than one month after the approval of the annual report and not later than four months after the end of the year, the Agency shall forward to the State revenue service territorial institution, the State Statistics Committee, the territorial authority and the Registrar of companies a copy of the audited annual accounts, reports and Auditor's opinion of the jury, which shows when the annual report approved.
194. the Agency's balance sheet and profit and loss account shall be published in the newspaper "journal".
XI. the Agency's monitoring and auditing the activities of the Agency in the 195. sworn auditors control the proxy created for permanent or temporary commissions in certain matters, as well as duly authorised State institutions.
196. the Chartered Auditors appointed by the trustee each year.
197. sworn auditors examined the activities of the Agency during the year and works up to the current annual activity report for approval.
198. the certified auditor may be proficient, which got a sworn auditor in accordance with law on sworn auditors ".
199. For sworn auditors can appoint just one person with an agency is not an economic context which is not working.
200. For sworn auditors must be persons with a Board member or the Chief Accountant is up to the third degree of kinship or affinity up to the second degree.
201. as soon as the Agency's annual report of the Executive Board shall notify the sworn auditors that the Agency's annual report has been prepared, the register concluded and documents available for inspection.
202. sworn auditors have the right to view and audit all Agency goods and to check the Agency's financial and economic activities.
203. sworn auditors have the right at any time to take immediate control and inspection.
204. sworn auditors shall report to the Council of Governors and the Executive Board and the work of the departments identified shortcomings and violations.
205. For sworn auditors the audit in accordance with the law "on the annual accounts of companies ' requirements, draw up a report, which the Board with his opinion, and the annual report shall be submitted to the Governors.
206. sworn auditors carry out their activities according to laws and regulations. Sworn auditors is responsible for the Agency and third parties for damages caused by their error. Sworn auditors are not responsible for the Board and its subsidiary organs, except when they have known about these violations, but did not tell the Governors or the Council.
XII. termination by the Agency the Agency may 207. end their action at the same time with its liquidation in such cases: 207.1. Under Cabinet of Ministers decision;
207.2. in accordance with the law "on corporate insolvency and companies";
207.3. with the Court ruling.
208. the requirements laid down in these statutes also apply when an agency action is terminated for other reasons.

209. If an agency remove bankruptcy, shall also comply with the law "On bankruptcy of enterprises and companies ' requirements.
210. the Agency eliminates appointed liquidator of the Governors. The Governor appointed the liquidators can cancel at any time.
211. the appointment of a liquidator the powers of the members of the Management Board ceases.
212. The liquidators of the agency eliminated the law "on business" and the law "on joint stock companies".
213. the liquidator shall apply to the operation of the same rules that the Agency's Board.
214. The liquidators a trustee within the time limits provided him a report about its activity, but on completion of the liquidation, the overview of all the activities carried out at the time of liquidation.
215. the liquidator that the Agency knowingly or negligently have not fulfilled in accordance with the law, these terms of reference or proxy decision for his duties, shall be jointly and severally liable to the Agency, the State assets and creditors of damages.
216. the agency ceases its activities once it is removed from the register of companies.
XIII. Transition issues 217. Non-profit organization public joint stock company "Privatization Agency" Statute of the Board to register with the register of enterprises.
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