PRIVATISATION WITH
NO DILEMMAS
Centre for Shareholding Development
 Belgrade Chamber of Economy formed the Centre
for Shareholding Development in 1999 with the aim of providing
assistance to Chamber members in carrying out proper privatisation,
and to the shareholders of its members in exercising their rights.
The Centre for Shareholding Development actively
participates in public hearings on possible legal solutions in
the field of privatisation, providing lawmakers with the information
on and attitudes of the industry, expressed by their representatives
during the sessions of the coordinating committees of the Belgrade
Chamber of Economy.
- companies with the majority socially owned capital
The Centre for Shareholding Development offers professional
assistance which includes oral or written advice to the subjects
of privatisation and shareholders, on the following in particular:
- Who, how and when they should launch the initiative for
privatisation proceedings.
- What are the necessary preparations on the part of the
subject of privatisation to be privatised under the new
law
- Internal restructuring, restructuring under the Decree
for the purposes of the sale of capital of a part of company
assets
- What are the necessary resolutions, who is to adopt
them, what their content should be, about the deadlines
and privatisation documents: prospectus, public announcement,
privatisation programme, restructuring programme, preparations
for the prospective buyers visits, elements of the auction
agreement (in case of Auction sale), clearing the balance
sheet after the auction sale
- What to do after the auction has been completed and
how to do it
The preparation of the public invitation
for employees and former employees for free distribution
of shares, payment free transfer after the of the relevant
capital to the employees and former employees after the procedure
has been completed, the transfer of the remaining shares
to the Auction Fund, preparation of the draft contract on
the change of organisational form of the subject of privatisation
into the joint-stock company, the preparation of the documentation
for: the competent registration court, Temporary Register
and the keeping of the Shareholders Register.
To shareholders who acquired shares through purchase
or subscription under the previous legislation
- Obligations, voting rights, right to dividends, share
in a bankrupt's estate, inheritance, tax, etc.
- Opportunities for selling shares at the stock market
through stockbrokers
- companies which partly or wholly completed the privatisation
process BEFORE THE PRIVATISATION LAW CAME INTO FORCE
(»Official gazette of the Republic of Serbia« no. 38/2001
in force as of 07/07/2001)
- Harmonising data from the Shareholders Register with
the Temporary Register
- Preparation for the flotation of shares (manner of selecting
the stockbroker, preparation of stock exchange materials,
familiarising with the Belgrade Stock Exchange rules on
the manner of share trading and the setting of the prevailing
price)
- Corporate management in a company/corporation (General
Meeting, convening, voting, chairing, Board of Directors
– composition, employee participation in the management
and other issues)
- shareholders (who acquired shares through purchase
or subscription under the previous legislation)
- Obligations, voting rights, right to dividends, share
in a bankrupt's estate, inheritance, tax: deadlines, exemptions,
payment
- Opportunities for selling shares at the stock market
through stockbrokers
The Belgrade Chamber of Economy informs all its members, their
present and former employees that they may address their questions
to the following address:
Centre for Shareholding Development
tel: 011/2659-073; 011/2641-355, ext. 133
fax: 011/2642-029
e-mail: pgrubin@kombeg.org.yu |
