ZAGREB, June 27 (Hina) - The Croatian parliament on Thursday discussed final bills on the take-over of joint stock companies and the securities market.
ZAGREB, June 27 (Hina) - The Croatian parliament on Thursday
discussed final bills on the take-over of joint stock companies and
the securities market. #L#
The securities market bill considerably bolsters the role of the
Securities Commission.
The Commission could prohibit or suspend activities on the stock
exchange, change or abolish regulations controlling the stock
exchange or the Central Depository Agency.
The bill envisages that banks can conduct all transactions relating
to securities, which constitutes the establishment of a universal
bank.
Support for the bill can be expected from the party benches of the
five ruling coalition parties. The opposition's Croatian
Democratic Union (HDZ) countered the bill and, due to many
objections, asked that it be forwarded into third reading.
The final bill on the take-over of joint stock companies stipulates
the obligation to advertise offers for the take-over of shares
exceeding 25 percent.
The exception are owners of more than 75 percent of shares and
shareholders who inform the Commission they will sell the shares
within six months of the take-over.
Also today, the Sabor discussed a final bill on road transport, as
well as several international conventions and bilateral
agreements.
Party benches supported the road transport bill, stressing it would
introduce more order in the distribution of licenses for cargo and
passenger transport.
Most party benches welcomed the government's withdrawal of its
intention to determine the minimum number of vehicles required for
operating a haulage company. It is sufficient to have one bus or
transport vehicle above 7.5 tonnes.
Voting on the bills will be taken on Friday when the 23rd session of
the Sabor is to continue.
(hina) sp sb