National Geoscience Database Of IRAN

PART ONE: Knowledge-based Growth of the National Economy in Interaction with the Global Economy

CHAPTER ONE: Laying the Ground for Rapid Economic Growth

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[Page 8 to 175]

Page 8

   A.All policy making mandates and government sovereignty functions must be detached from the government companies and transferred to the relevant specialized ministries and government agencies.
   B.Government corporations are organized merely within the framework of specialized holding and affiliated companies (second generation) and are managed under auspices of their general assemblies and within the framework of their articles of incorporation. As for their policies and sector programs, this group of companies is specified in the criteria and regulations of the specialized ministries.
   Note 1; Formation of (new) public corporation is permissible, specified in the approval of the Islamic Consultative Assembly. Converting companies in which the government share is below fifty percent (50%) to government corporation is prohibited.
   Note 2: Partnership and investment by government corporations, except banks, credit institutions, and insurance companies, with other corporations subject of this article will require authorization of the Council of Ministers.

   Note 3: Corporations in which the share of government and government corporations is below fifty percent (50%) are not considered to be government corporation, thus not specified in the laws and regulations that govern government corporations.
   Note 4: Within a maximum period of two years from the start of the fourth development plan and upon suggestions to be made by the State Management and Planning Organization, government is bound to reorganize companies entertaining a sovereignty nature into a proper organizational structure, and transfer them to the pertinent public agency.
   Note 5: Government corporations identified by the State Management and Planning Organization and Ministry of Economic Affairs and Finance as having been stagnant and inactive up to the beginning of the year 1383 (March 21 2004) are not permitted to resume operation and therefore must be dissolved.