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Azerbaijan Railways Close Joint-Stock Company established

21 July 2009 08:05 (UTC +04:00)

According to the order, the Azerbaijan railways Close Joint-Stock Company was established by the re-organizing of the Azerbaijan State Railway on the basis of its shares under the Ministry of Transport, press service of the President told APA.

The Cabinet of Ministers, the Ministry of Transport and the State Committee on Property Affairs were commissioned to carry out authorities of the Azerbaijan Railways CJSC general meeting.

CJSC chairman and vice chairman will be appointed and dismissed by the President of Azerbaijan. The re-organization and dissolution of the company are also under the Presidential authorities.

The Cabinet of Ministers was commissioned to coordinate the CJSC Charter and structure with the President and to approve that, to submit its proposals about the coordination of the legislative acts with this order to the President, to provide coordination of the relevant normative legal acts of the Cabinet of Ministers and relevant central executive bodies and to inform the President about that and to elaborate the draft state program for the development of the railway transport system of the Republic of Azerbaijan and to submit it to the President.

The Ministry of Taxes and the State Committee of Property Affairs were commissioned to take necessary measures for the CJSC registration.