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  Law of the Fourth Economic, Social and Cultural Development Plan of the Islamic Republic of Iran
4th National Development Plan
      PART ONE: Knowledge-based Growth of the National Economy in Interaction with the Global Economy
      CHAPTER ONE: Laying the Ground for Rapid Economic Growth
      ..................
 [Page 9 to 175]  Previous 1 2 3 4 5 6 7 8 9  Next 
  Page 9
 
اولينقبليبعديآخرين
   Note 6: Government is bound to dissolve all offices and branches of the government corporations abroad. Indispensable cases will be determined by the Ministry of Economic Affairs and Finance and the State Management and Planning Organization, and are specified in approval of the Administrative High Council.
   C.Government corporations approved by the Council of Ministers to be divested to non-government sector, only for the period specified by the Board of Divestiture will not be specified in the regulations
   governing public corporations, and shall be managed within the framework of the commercial code.
   D.Continuation of operation of the government corporation will be possible only upon the following conditions:
   1.Have monopolistic operation.
   2.The non-government sector shows no interest to operate in that field.
   E.Conversion of the employees' status of corporations subject of Note (1) of Item "B" of this article and in the context of the acquired rights shall be made on the basis of a by-law to be approved by the Council of Ministers.
  
    F.Transfer of the stocks in conjunction with execution of this article (due to merger, dissolution, and reorganization) will be tax-free.
   G.The government's proprietorship right in the specialized holding companies (except corporations whose general assemblies are chaired by the President) will be exercised by the Ministry of
   Economic Affairs and Finance or the Organization of Ownership of the Government Corporation which according to this law will be formed under auspices of the President (as determined by the
   government). Government is bound to take proper legal actions in order to reform the articles of associations of this group of companies. Probable financial burden of forming the said companies will be borne through the concentrated lines (of the annual budget) which are at the disposal of the President. All the companies to which application of the law requires that their names be indicated or stipulated or have their own law are specified in the provisions of this item.
  
 
 
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