Law No. 41 Of 22 March 1999 On Approval Of The Government Ordinance. 130/1998 Concerning The Regularization Of Social Capital In The Privatisation Process Of The Banks

Original Language Title:  LEGE nr. 41 din 22 martie 1999 pentru aprobarea Ordonanţei Guvernului nr. 130/1998 privind regularizarea cotelor de capital social în procesul de privatizare a băncilor

Read the untranslated law here: https://www.global-regulation.com/law/romania/3071523/-lege-nr.-41-din-22-martie-1999-pentru-aprobarea-ordonanei-guvernului-nr.-130-1998-privind-regularizarea-cotelor-de-capital-social-n-procesul-de-priva.html

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Law No. 41 of 22 March 1999 on approval of the Government Ordinance. 130/1998 concerning the regularization of social capital in the privatisation process of ISSUING banks PARLIAMENT Published in MONITORUL OFICIAL nr. 122 of 24 March 1999, the Romanian Parliament adopts this law.


The sole article approving Ordinance No. 130 of 29 august 1998 concerning the regularization of social capital in the privatisation of banks, issued pursuant to art. 1 paragraph 6 lit. b) of law No. 148/1998 on empowering the Government to issue decrees and published in the Official Gazette of Romania, part I, no. august 29, 1998, 328, with the following change: ' article 1 shall read as follows: Art. 1.-(1) shares held by investment firms to banks in which the State is a shareholder and that are subject to privatization process, corresponding to the capital transferred, pursuant to the provisions of law No. 58/91, Romanian State-owned Funds from Private property, are subject to netting between investment firms and the State property Fund, in accordance with the provisions of art. 3 of law No. 83/1997, in compliance with the provisions of law No. 31/1990, republished, under protocols concluded within 60 days of the date of publication of this Ordinance in the Official Gazette of Romania.

(2) the Protocol mentioned in paragraph 1. (1) will include: number of shares, the method of compensation and the date of such a clearing. "
  

This law was adopted by the Chamber of deputies at its meeting of 15 October 1998, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. PRESIDENT Chamber of Deputies, ADRIAN NASTASE this law was adopted by the Senate at its meeting on 4 March 1999, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. SENATE CRISTIAN DUMITRESCU--------------