• četvrtak, 24 jul 2025

All six funds as one juristic person

All six funds as one juristic person
Interests of six privatization funds will in the future be protected by a juristic body that would consist of their representatives, has been agreed at today#s meeting of these institutions. "All six funds will constitute in a juristic body that would represent the joint interests and it will publicly present all the problems related to our working to the competent institutions", said director of HLT fund Predrag Jovanovic. He has announced that privatization funds will on Thursday inform the Commission for securities and representatives of Montenegrin Government on the objections to the legal solutions that regulate their work. "Privatization funds demand a Law that would allow them sale of stocks at stock markets after they are transformed into stock companies. They also asked from the Commission for securities to establish rules on scheduling the stockholders assembly in the shortest possible period. Funds have tens thousands of stockholders that cannot be gathered at one place when scheduling the assembly", explained Jovanovic. Funds are to present their objections at the meeting that has been scheduled for Thursday. It will be held in hotel Crna Gora at 12 o#clock and it will be attended by representatives of regulation bodies from this sphere from Bosnia and Herzegovina, Macedonia and Republika Srpska. Jovanovic said that privatization funds will exchange stocks among themselves till 31 May and after that they should be transform into investment funds. Then those funds should be allowed to do business at stock market. "Montenegrin Government should pass the law on investment funds till June even though we consider it should have been done earlier", said Jovanovic.