In the framework of the Presidential Decree No.УП-6096 “On measures to accelerate the reform of enterprises with the State participation and the privatization of state assets” dated October 28, 2020 (the “Decree No.УП-6096”), the following lists were approved:
The Decree No.УП-6096 also provides that state shares in enterprises are subject for public auctions if the value of the state share does not exceed UZS 100 million and the value of net assets is less than the capital of the enterprise.
The State shares specified in Appendix No.4 will be implemented as follows:
t should be noted that the sale of State-owned facilities at a price of UZS 0 is terminated, where the starting price at a public auction should be UZS 1. Also, the Decree No.УП-6096 provides for the reorganization of unitary enterprises into business entities with the further sale of state shares through the public auctions.
In addition to the above, buyers of State assets will have a right to pay by installments. Buyers of the State share, who have paid a partial payment, will be granted with a certificate of ownership, which limits the right to dispose but the buyers can participate in the management of the company and receive dividends in proportion to the paid amount. In the case of real estate, the buyer of state property will be granted with a state order for the right of ownership, in accordance with this order, the right to dispose of the property is limited until the full amount is paid.
In the final paragraph of the Decree No.УП-6096, the additional functions that are planned to be introduced in the electronic auction platform “E-ijro auksion” were defined: