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Not for profit. Zhanat Alimanov, assistant professor. Terms. Institution - учреждение Public Union – общественное объединение Public Fund – общественный фонд Consumer cooperative – потребительский кооператив Religious Union – религиозное объединение Association - Ассоциация.
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Not for profit Zhanat Alimanov, assistant professor
Terms • Institution - учреждение • Public Union – общественное объединение • Public Fund – общественный фонд • Consumer cooperative – потребительский кооператив • Religious Union – религиозное объединение • Association - Ассоциация
Institution Public Union Public Fund Consumer cooperative Religious Union Association Plan (state enterprises)
What is Institution? Let’s look at the Civil Code. I. Institution
What are its peculiarities? I. Institution
What are its peculiarities? financed by its founder Not for profit I. Institution
What is Public Union? Let’s look at the Civil Code. II. Not for profit
What are its peculiarities? Example, IDC? II. Not for profit
Let’s assume that Gulmira, Yerlan & Ozhet founded Intellectual Debate Club of KIMEP. Yerlan & Ozhet gave KZT 300 to the Club. Gulmira gave her laptop, invested KZT 300,000 to the Union. Example
Ozhet & Yerlan would like to fire Gulmira, and appoint themselves officers, and manage all money. Gulmira says that it is her money. They invested only KZT 600 altogether, and they cannot dispose her money. Can Ozhet & Yerlan fire Gulmira & spend all money? Example
What are its peculiarities? (1) one member = one vote, irrespective of Investment (2) cannot divide profit (3) only physical people II. Public Union
What is Public Fund? Let’s look at the Civil Code. III. Public Fund
University High School Private School Kindergarten Nur Otan University STO Boutique in the Car City Soyuz Atameken Bank Pension Fund “Grantum” KazMunaiGas Kimep What legal form?
High School - Institution Private School – LLP or institution Kindergarten – institution or LLP Nur Otan – Public Union University – Inst-n or Corp-n STO – Indiv. Entrepreneur, LLP Boutique in the Car City – IE, LLP Soyuz Atameken - Association Bank - Corporation Pension Fund “Grantum” - Corporation KazMunaiGas - Corporation Kimep - Corporation What legal form?