National Assembly of the Republic of Serbia / Activities / Activity details
Friday, 16 September 2005
48th session of the Privatisation Committee
At its session held on 16 September 2005, the Privatisation Committee of the National Assembly of the Republicof Serbiadiscussed and adopted the Report of the Ministry of the Economy on the Activities of the Privatisation Agency for August 2005, along with its associated Programme of Activities of the Agency for September 2005.Members of the Privatisation Committee adopted the Report of the Ministry of the Economy on the Activities of the Share Fund of the Republicof Serbiafor August 2005.The Committee also discussed the Report of the Privatisation Agency on individual cases of cession of contracts on sale of capital or assets to third parties.
At its session held on
Members of the Privatisation Committee adopted the Report of the Ministry of the Economy on the Activities of the Share Fund of the
The Committee also discussed the Report of the Privatisation Agency on individual cases of cession of contracts on sale of capital or assets to third parties.
A proposal of measures designed to improve the Committee’s efficiency, proposed by the Committee’s vice-chairman, Miodrag Stamenkovic, met with unanimous approval. Committee members agreed to tour
Faced with numerous requests of small shareholders’ associations to revise privatisation proceedings, re-appraise capital and terminate sales contracts, the Privatisation Committee ruled not to discuss such requests, as it considers them to be wholly unfounded. Committee members are of the opinion that there is no interest on the part of small shareholders for capital re-appraisal, as the appraised value of capital does not affect the value of their shares, only the initial sales price of socially-owned capital. Share value depends solely on market conditions, and is set by the stock market, the Committee’s ruling goes on to conclude.
The Committee directed small shareholders to adhere to provisions of Article 2 of the Privatisation Act, under which sales price of capital is formed according to market conditions, this being the only price the buyer is prepared to pay.
The session of the Privatisation Committee was attended by officials of the Ministry of the Economy and the director of the Share Fund, Aleksandar Gracanac, with his associates, and was chaired by the chairman of the Committee, Nikola Novakovic.