Changed Procedure of Electronic Auctions for Small-scale Privatization Objects

Changed Procedure of Electronic Auctions for Small-scale Privatization Objects

The Cabinet of Ministers changed the procedure of the electronic auctions for the small-scale privatization objects sale and determined additional sale conditions.

The relevant resolution No. 361 of April 24, 2019, clarified the issue of publishing a list of objects to be privatized, the information about them and the procedure of taking actions based on the results of electronic auctions in the electronic trading system registry.

From now on, when necessary, to privatize a state or municipal property or its part by repurchase, the privatization body must fix it in the register. After the signing of the sale contract of such an object, the privatization body must publish the information about it in the electronic trading system.

According to the changes, the privatization of the state property, which book value for the last annual reporting period is no more than 50 million hryvnias, is carried out according to the usual procedure. But there are exceptions provided by the law. Belonging to this list should be confirmed in an informational message, referring to the relevant legal acts, according to which such additional conditions are defined.

Simplified the procedure for the privatization of shares of no more than 50% of the authorized capital of a business enterprise, which book value of the assets for the last annual reporting period is no more than 50 million hryvnias. It will be implemented without additional conditions, except in cases when payment for the services, related to the implementation of measures for conducting a mandatory environmental audit, is necessary.

The privatization procedure is also settled in the case when an application for the participation in an electronic auction is submitted by one participant. As in the procedure stipulated for the auctions, the protocol is signed first by the participant himself, then by the operator of the electronic platform and sent to the privatization body.