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[size=36]What are the government’s procedures to deal with the situations of losing companies ... A government consultant answered?[/size]
Political| 06:57 - 04/18/2021
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BAGHDAD - Mawazine News,
the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set out, on Sunday, the measures applied by the government to resolve and address the situations of losing companies.
According to the official agency, Saleh said, "There is an approach in the white paper for economic reform towards establishing a partnership between the state and the private sector or joint operation of stalled or stalled state-owned companies that are viable."
He added, "This approach calls for converting these companies into public joint-stock companies by changing the pattern of ownership but under state administration, based on the provisions of the amended Public Companies Law No. 22 of 1997, or completely liquidating the losing companies when the loss is repeated for more than "Once and for long periods, and also by dealing with what is confirmed by the auditor's report when auditing the annual financial statements of the same company based on the same law."
He emphasized that "the above law also granted full authority to the Council of Ministers to liquidate those companies and to act on their fate as well as to operate, invest and develop them." Ended 29 / A 43
the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set out, on Sunday, the measures applied by the government to resolve and address the situations of losing companies.
According to the official agency, Saleh said, "There is an approach in the white paper for economic reform towards establishing a partnership between the state and the private sector or joint operation of stalled or stalled state-owned companies that are viable."
He added, "This approach calls for converting these companies into public joint-stock companies by changing the pattern of ownership but under state administration, based on the provisions of the amended Public Companies Law No. 22 of 1997, or completely liquidating the losing companies when the loss is repeated for more than "Once and for long periods, and also by dealing with what is confirmed by the auditor's report when auditing the annual financial statements of the same company based on the same law."
He emphasized that "the above law also granted full authority to the Council of Ministers to liquidate those companies and to act on their fate as well as to operate, invest and develop them." Ended 29 / A 43
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