Cabinet of Ministers Regulations No. 1118 in 2013 (15 October. No 54 13) amendments to the Cabinet June 30 2009 rules no 705 "rules on State and local government public company a model statute", issued in accordance with the law "on State and local government owned capital shares and enterprises" in the second subparagraph of article 28 to make Cabinet 30 June 2009 Regulations No. 705 "rules on State and local government public company a model statute" (Latvian journal, 2009, 104 No; 13, no. 189) the following amendments : 1. Complement with 1.5, 1.6, 1.7 and 1.8. subparagraph by the following: "1.5. the State of the company's articles of Association, which the model works as a credit institution, investment management firm or a financial institution within the meaning of the law of credit institutions that perform a specific task-implementing national development and support programmes (annex 5); 1.6. the municipal corporations Statute, which model works as a credit institution, investment management firm or a financial institution within the meaning of the law of credit institutions that perform a specific task-implementing national development and support programmes (annex 6); 1.7. the State of the company's articles of Association, which the model works as a credit institution, investment management firm or a financial institution within the meaning of the law of credit institutions that perform a specific task-implementing national development and support programmes (annex 7); 1.8. the municipal corporations Statute, which model works as a credit institution, investment management firm or a financial institution within the meaning of the law of credit institutions that perform a specific task-implementing national development and support programmes (annex 8). " 2. To supplement the provisions of points 5 and 6 by the following: "5. The provisions of 1.5 and 1.6. and annex 5 and 6 are valid to 31 December 2013. 6. This rule 1.7. and 1.8 and annex 7 and 8 shall enter into force on January 1, 2014. " 3. Supplement with 5, 6, 7 and 8 of the annex by the following: "5. the attachment Cabinet 30 June 2009 Regulations No 705 model bylaws state company, which operates as a credit institution, investment management firm or a financial institution within the meaning of the law of credit institutions that perform a specific task-implementing national development and aid programs i. General provisions 1. Company: joint stock company" _____ ____ ____ ____ ____ "(hereinafter referred to as the company). Note the. State joint stock company may include the word "State", where the public, in accordance with the national law of the regulatory apparatus is delegated to perform the task. In this case, the company shall include "public joint stock company". 2. Public activities (NACE): 2.1 ____ ____ ____ ____ ____ ____ ____ ____; 2.2. ________________________________; 2.3. ________________________________; etc. 3. in relation to questions not regulated by these statutes, the law "on State and local government owned capital shares and enterprises" and the commercial law provisions, as well as other laws and regulations. 4. the notices provided for in this Statute to the management and control of the public authorities shall be sent by registered mail or electronically (e.g. by means of telefax, e-mail) to the address, which the company's management and control bodies are the members of the Executive Board announced that shareholders turn register. 5. the company's duration is _____ _____ _____ _____ _____ _____ _____ _____. Note the. The following articles of the company includes, if the company is established for a certain period of time. 6. the objective of the activities is the _____ _____ _____ _____ _____ _____ _____ _____. Note the. The following articles of the company includes, if the company is founded by a certain objective. II. The company's capital and securities 7. The company's share capital is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (amount in words) dollars, composed of ____ ____ ____ ____ __ (number of words) shares. 8. All of the shares of a company have the same rights to receive dividends. 9. All of the shares of a company, except the staff shares have the same rights to liquidation quota and voting rights in the general meeting. 10. All of the company's shares are registered shares. 11. All of the company's shares are dematerialised shares. 12. each society shares the nominal value is 1 (one) lats. III. the Council 13. Council composed of ____ ____ ____ ____ __ (number of words). 14. the Council takes decisions by the members of the Council present a simple majority. Note the. The society's statutes may provide a greater majority. 15. in addition to the statutory restrictions on the Council shall be the following: 15.1 the ____ ____ ____ ____ ____ ____ ____ ____; 15.2. ________________________________; 15.3. ________________________________; etc. Note the. The statutes of the society may also provide further restrictions on Council members. IV. Management Board composition the Board is 16. ____ ____ ____ ____ __ (number of words). 17. The Management Board shall be elected for three years. Note the. The company statutes may provide for a shorter period of time. 18. the Governing Board shall adopt decisions by the members of the Board present a simple majority. Note the. The society's statutes may provide a greater majority. 19. in addition to the statutory limitations on the Management Board may not contain any of the following persons: 19.1. __ _____ _____ _____ _____ _____ _____; 19.2. ________________________________; 19.3. ________________________________; etc. Note the. The society's statutes may provide for Board members to apply stricter limits. 20. in addition to the applicable limitations in the shareholders ' meeting may provide that the Board shall not be employed or hold elected positions in other companies, State or municipal authorities, organizations and institutions. Note the. The statutes of the society may also provide further restrictions on board members. 21. All Board members have right of representation. Board members representing the public jointly. 22. The members of the Executive Board may authorise the members of the Board one or more Board members to conclude certain transactions or certain kinds of transactions. 23. in addition to the legal Board requires prior consent of the Council the following question for decision: 23.1. ____ ____ ____ ____ ____ ____ ____ ____; 23.2. ________________________________; 23.3. ________________________________; etc. Note the. The company statutes may provide for other matters for decision by the Executive Board which requires prior consent of the Council. 24. in addition to the legal Board requires prior consent of the general meeting deciding such issues: 24.1. ________________________________; 24.2. ________________________________; 24.3. ________________________________; etc. Note the. The company statutes may provide for other matters for decision by the Executive Board which requires the prior written consent of the general meeting. V. 25 termination of Society. in addition to the legal firm shall cease in the following situations: 25.1. ____ ____ ____ ____ ____ ____ ____ ____; 25.2. ________________________________; 25.3. ________________________________; etc. Note the. The company statutes may provide for other cases of terminated activities. The representative of the holder of the shares ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ (signature and transcript) or ____ ____ ____ ____ ____ ____ ___ Minister _____ _____ _____ _____ _____ _____ _____ _____ _____ (signature and transcript) Note. The law "on State and local government owned capital shares and enterprises ' article 28 the fifth part in the cases specified in the statutes of the capital of the signature holder's representative, but article 28 of the sixth part of the signature in the cases specified in the Statute, which led the Minister of the Ministry's National Corporation's shareholders. _____ _____ _____ _____ _____ _____ _____ ___ (place), 20 ____ of _____. ____ ____ ____ ____ ____ ___ annex 6 Cabinet 30 June 2009 Regulations No 705 model statutes of a municipal corporation, which operates as a credit institution, investment management firm or a financial institution within the meaning of the law of credit institutions that perform a specific task-implementing national development and aid programs i. General provisions 1. Company: joint stock company "_____ ____ ____ ____ ____" (hereinafter – the company). Note the. Local shares of the company the company may include the word "municipality", if that company in accordance with the national law of the regulatory apparatus is delegated to perform the task. In this case, the company shall include "Municipal Corporation". 2. Public activities (NACE): 2.1 ____ ____ ____ ____ ____ ____ ____ ____; 2.2. ________________________________; 2.3. ________________________________; etc. 3. in relation to questions not regulated by these statutes, the law "on State and local government owned capital shares and enterprises" and the commercial law provisions, as well as other laws and regulations. 4. the notices provided for in this Statute to the management and control of the public authorities shall be sent by registered mail or electronically (e.g. by means of telefax, e-mail) to the address, which the company's management and control bodies are the members of the Executive Board announced that shareholders turn register. 5. the company's duration is _____ _____ _____ _____ _____ _____ _____ _____. Note the. The following articles of the company includes, if the company is established for a certain period of time. 6. the objective of the activities is the _____ _____ _____ _____ _____ _____ _____ _____. Note the. The following articles of the company includes, if the company is founded by a certain objective. II. The company's capital and securities 7. The company's share capital is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (amount in words) dollars, composed of ____ ____ ____ ____ __ (number of words) shares. 8. All of the shares of a company have the same rights to receive dividends. 9. All of the shares of a company, except the staff shares have the same rights to liquidation quota and voting rights in the general meeting. 10. All of the company's shares are registered shares. 11. All of the company's shares are dematerialised shares. 12. each society shares the nominal value is 1 (one) lats. III. the Council 13. Council composed of ____ ____ ____ ____ __ (number of words). 14. the Council takes decisions by the members of the Council present a simple majority. Note the. The society's statutes may provide a greater majority. 15. in addition to the statutory restrictions on the Council shall be the following: 15.1 the ____ ____ ____ ____ ____ ____ ____ ____; 15.2. ________________________________; 15.3. ________________________________; etc. Note the. The statutes of the society may also provide further restrictions on Council members. IV. Management Board composition the Board is 16. ____ ____ ____ ____ __ (number of words). 17. The Management Board shall be elected for three years. Note the. The company statutes may provide for a shorter period of time. 18. the Governing Board shall adopt decisions by the members of the Board present a simple majority. Note the. The society's statutes may provide a greater majority. 19. in addition to the statutory limitations on the Management Board may not contain any of the following persons: 19.1. __ _____ _____ _____ _____ _____ _____; 19.2. ________________________________; 19.3. ________________________________; etc. Note the. The society's statutes may provide for Board members to apply stricter limits. 20. in addition to the applicable limitations in the shareholders ' meeting may provide that the Board shall not be employed or hold elected positions in other companies, State or municipal authorities, organizations and institutions. Note the. The statutes of the society may also provide further restrictions on board members. 21. All Board members have right of representation. Board members representing the public jointly. 22. The members of the Executive Board may authorise the members of the Board one or more Board members to conclude certain transactions or certain kinds of transactions. 23. in addition to the legal Board requires prior consent of the Council the following question for decision: 23.1. ____ ____ ____ ____ ____ ____ ____ ____; 23.2. ________________________________; 23.3. ________________________________; etc. Note the. The company statutes may provide for other matters for decision by the Executive Board which requires prior consent of the Council. 24. in addition to the legal Board requires prior consent of the general meeting deciding such issues to: 24.1. ____ ____ ____ ____ ____ ____ ____ ____; 24.2. ________________________________; 24.3. ________________________________; etc. Note the. The company statutes may provide for other matters for decision by the Executive Board which requires the prior written consent of the general meeting. V. 25 termination of Society. in addition to the legal firm shall cease in the following situations: 25.1. ____ ____ ____ ____ ____ ____ ____ ____; 25.2. ________________________________; 25.3. ________________________________; etc. Note the. The company statutes may provide for other cases of terminated activities. The representative of the holder of the shares ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ (signature and transcript) _____ _____ _____ _____ _____ _____ _____ ___ (place) 20 ____ of _____. ____ ____ ____ ____ ____ ___ annex 7 Cabinet 30 June 2009 Regulations No 705 model bylaws state company, which operates as a credit institution, investment management firm or a financial institution within the meaning of the law of credit institutions that perform a specific task-implementing national development and aid programs i. General provisions 1. Company: joint stock company "_____ ____ ____ ____ ____" (hereinafter – the company). Note the. State joint stock company may include the word "State", where the public, in accordance with the national law of the regulatory apparatus is delegated to perform the task. In this case, the company shall include "public joint stock company". 2. Public activities (NACE): 2.1 ____ ____ ____ ____ ____ ____ ____ ____; 2.2. ________________________________; 2.3. ________________________________; etc. 3. in relation to questions not regulated by these statutes, the law "on State and local government owned capital shares and enterprises" and the commercial law provisions, as well as other laws and regulations. 4. the notices provided for in this Statute to the management and control of the public authorities shall be sent by registered mail or electronically (e.g. by means of telefax, e-mail) to the address, which the company's management and control bodies are the members of the Executive Board announced that shareholders turn register. 5. the company's duration is _____ _____ _____ _____ _____ _____ _____ _____. Note the. The following articles of the company includes, if the company is established for a certain period of time. 6. the objective of the activities is the _____ _____ _____ _____ _____ _____ _____ _____. Note the. The following articles of the company includes, if the company is founded by a certain objective. II. The company's capital and securities 7. The company's share capital is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (amount in words), consisting of € ____ ____ ____ ____ __ (number of words) shares. 8. All of the shares of a company have the same rights to receive dividends. 9. All of the shares of a company, except the staff shares have the same rights to liquidation quota and voting rights in the general meeting. 10. All of the company's shares are registered shares. 11. All of the company's shares are dematerialised shares. 12. the nominal value of the shares of each company is a ____ _____ ____. III. the Council 13. Council composed of ____ ____ ____ ____ __ (number of words). 14. the Council takes decisions by the members of the Council present a simple majority. Note the. The society's statutes may provide a greater majority. 15. in addition to the statutory restrictions on the Council shall be the following: 15.1 the ____ ____ ____ ____ ____ ____ ____ ____; 15.2. ________________________________; 15.3. ________________________________; etc. Note the. The statutes of the society may also provide further restrictions on Council members. IV. Management Board composition the Board is 16. ____ ____ ____ ____ __ (number of words). 17. The Management Board shall be elected for three years. Note the. The company statutes may provide for a shorter period of time. 18. the Governing Board shall adopt decisions by the members of the Board present a simple majority. Note the. The society's statutes may provide a greater majority. 19. in addition to the statutory limitations on the Management Board may not contain any of the following persons: 19.1. __ _____ _____ _____ _____ _____ _____; 19.2. ________________________________; 19.3. ________________________________; etc. Note the. The society's statutes may provide for Board members to apply stricter limits. 20. in addition to the applicable limitations in the shareholders ' meeting may provide that the Board shall not be employed or hold elected positions in other companies, State or municipal authorities, organizations and institutions. Note the. The statutes of the society may also provide further restrictions on board members. 21. All Board members have right of representation. Board members representing the public jointly. 22. The members of the Executive Board may authorise the members of the Board one or more Board members to conclude certain transactions or certain kinds of transactions. 23. in addition to the legal Board requires prior consent of the Council the following question for decision: 23.1. ____ ____ ____ ____ ____ ____ ____ ____; 23.2. ________________________________; 23.3. ________________________________; etc. Note the. The company statutes may provide for other matters for decision by the Executive Board which requires prior consent of the Council. 24. in addition to the legal Board requires prior consent of the general meeting deciding such issues to: 24.1. ____ ____ ____ ____ ____ ____ ____ ____; 24.2. ________________________________; 24.3. ________________________________; etc. Note the. The company statutes may provide for other matters for decision by the Executive Board which requires the prior written consent of the general meeting. V. 25 termination of Society. in addition to the legal firm shall cease in the following situations: 25.1. ____ ____ ____ ____ ____ ____ ____ ____; 25.2. ________________________________; 25.3. ________________________________; etc. Note the. The company statutes may provide for other cases of terminated activities. The representative of the holder of the shares ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ (signature and transcript) or ____ ____ ____ ____ ____ ____ ___ Minister _____ _____ _____ _____ _____ _____ _____ _____ _____ (signature and transcript) Note. The law "on State and local government owned capital shares and enterprises ' article 28 the fifth part in the cases specified in the statutes of the capital of the signature holder's representative, but article 28 of the sixth part of the signature in the cases specified in the Statute, which led the Minister of the Ministry's National Corporation's shareholders. _____ _____ _____ _____ _____ _____ _____ ___ (place), 20 ____ of _____. ____ ____ ____ ____ ____ ___ Annex 8 Cabinet 30 June 2009 Regulations No 705 model statutes of a municipal corporation, which operates as a credit institution, investment management firm or a financial institution within the meaning of the law of credit institutions that perform a specific task-implementing national development and aid programs i. General provisions 1. Company: joint stock company "_____ ____ ____ ____ ____" (hereinafter – the company). Note the. Local shares of the company the company may include the word "municipality", if that company in accordance with the national law of the regulatory apparatus is delegated to perform the task. In this case, the company shall include "Municipal Corporation". 2. Society activities (NACE): 2.1 ____ ____ ____ ____ ____ ____ ____ ____; 2.2. ________________________________; 2.3. ________________________________; etc. 3. in relation to questions not regulated by these statutes, the law "on State and local government owned capital shares and enterprises" and the commercial law provisions, as well as other laws and regulations. 4. the notices provided for in this Statute to the management and control of the public authorities shall be sent by registered mail or electronically (e.g. by means of telefax, e-mail) to the address, which the company's management and control bodies are the members of the Executive Board announced that shareholders turn register. 5. the company's duration is _____ _____ _____ _____ _____ _____ _____ _____. Note the. The following articles of the company includes, if the company is established for a certain period of time. 6. the objective of the activities is the _____ _____ _____ _____ _____ _____ _____ _____. Note the. The following articles of the company includes, if the company is founded by a certain objective. II. The company's capital and securities 7. The company's share capital is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (amount in words), consisting of € ____ ____ ____ ____ __ (number of words) shares. 8. All of the shares of a company have the same rights to receive dividends. 9. All of the shares of a company, except the staff shares have the same rights to liquidation quota and voting rights in the general meeting. 10. All of the company's shares are registered shares. 11. All of the company's shares are dematerialised shares. 12. the nominal value of the shares of each company is a ____ _____ ____. III. the Council 13. Council composed of ____ ____ ____ ____ __ (number of words). 14. the Council takes decisions by the members of the Council present a simple majority. Note the. The society's statutes may provide a greater majority. 15. in addition to the statutory restrictions on the Council shall be the following: 15.1 the ____ ____ ____ ____ ____ ____ ____ ____; 15.2. ________________________________; 15.3. ________________________________; etc. Note the. The statutes of the society may also provide further restrictions on Council members. IV. Management Board composition the Board is 16. ____ ____ ____ ____ __ (number of words). 17. The Management Board shall be elected for three years. Note the. The company statutes may provide for a shorter period of time. 18. the Governing Board shall adopt decisions by the members of the Board present a simple majority. Note the. The society's statutes may provide a greater majority. 19. in addition to the statutory limitations on the Management Board may not contain any of the following persons: 19.1. __ _____ _____ _____ _____ _____ _____; 19.2. ________________________________; 19.3. ________________________________; etc. Note the. The society's statutes may provide for Board members to apply stricter limits. 20. in addition to the applicable limitations in the shareholders ' meeting may provide that the Board shall not be employed or hold elected positions in other companies, State or municipal authorities, organizations and institutions. Note the. The statutes of the society may also provide further restrictions on board members. 21. All Board members have right of representation. Board members representing the public jointly. 22. The members of the Executive Board may authorise the members of the Board one or more Board members to conclude certain transactions or certain kinds of transactions. 23. in addition to the legal Board requires prior consent of the Council the following question for decision: 23.1. ____ ____ ____ ____ ____ ____ ____ ____; 23.2. ________________________________; 23.3. ________________________________; etc. Note the. The company statutes may provide for other matters for decision by the Executive Board which requires prior consent of the Council. 24. in addition to the legal Board requires prior consent of the general meeting deciding such issues to: 24.1. ____ ____ ____ ____ ____ ____ ____ ____; 24.2. ________________________________; 24.3. ________________________________; etc. Note the. The company statutes may provide for other matters for decision by the Executive Board which requires the prior written consent of the general meeting. V. 25 termination of Society. in addition to the legal firm shall cease in the following situations: 25.1. ____ ____ ____ ____ ____ ____ ____ ____; 25.2. ________________________________; 25.3. ________________________________; etc. Note the. The company statutes may provide for other cases of terminated activities. The representative of the holder of the shares ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ (signature and transcript) _____ _____ _____ _____ _____ _____ _____ ___ (place), 20 ____ of _____. ___ ____ ____ ____ ____ ____ ". Prime Minister Valdis Dombrovskis Economy Minister Daniel Pavļut in