AZE

gerb_azerbaijan 

Decree of the President of the Republic of Azerbaijan
On the Approval of the "Charter of the Azerbaijan Science Foundation"

 

Based on Article 109, Clause 32 of the Constitution of the Republic of Azerbaijan, I hereby decree with the purpose of ensuring the development of scientific activities in the country, increasing the efficiency of scientific research in various fields of science, stimulating scientific research, and improving state support and state management mechanisms in this area:

1. A public legal entity named “Azerbaijan Science Foundation” shall be established on the basis of the Science Development Foundation under the President of the Republic of Azerbaijan. 

2. The “Charter of the Azerbaijan Science Foundation” shall be approved (attached). 

3. The Azerbaijan Science Foundation (hereinafter referred to as the “Foundation”) is the legal successor of the Science Development Foundation under the President of the Republic of Azerbaijan, and its rights, obligations, as well as property, shall be transferred to the Foundation.     

4. The charter capital of the Foundation is 4,157,866.0 (four million one hundred fifty-seven thousand eight hundred sixty-six) manat.

5. It shall be determined that:
 
5.1. The Foundation is a public legal entity operating in the field of targeted financing in the form of grants for fundamental, applied, and experimental research and other scientific activities in the fields of natural, technical, humanitarian, and social sciences.
 
5.2. The general management and supervision of the Foundation's activities shall be carried out by a Supervisory Board consisting of five (5) members, including the Chairperson, appointed and dismissed by the President of the Republic of Azerbaijan.
 
5.3. The current management of the Foundation's activities shall be carried out by an Executive Director appointed and dismissed by the President of the Republic of Azerbaijan. 
 
6. The exercise of the founder’s powers of the Foundation shall be assigned as follows:
 
6.1. To the President of the Republic of Azerbaijan:

6.1.1. Approval of the Foundation's Charter, determination of the amount of the charter capital, and amendments thereto;
 
6.1.2. Establishment of management bodies and appointment or dismissal of their heads (members);
 
6.1.3. Decisions on transferring the Foundation's profits to the state budget for purposes not stipulated in its Charter;
 
6.1.4. Liquidation or reorganization of the Foundation.
 
6.2. To the Foundation:
 
6.2.1. Approval of the structure, salary fund, staff limits, and amounts of salaries (official wages, additional payments to official wages, bonuses, and other payments) in agreement with the President of the Republic of Azerbaijan;
 
6.2.2. Resolution of other issues assigned to the founder’s powers by Article 8.2 of the Law of the Republic of Azerbaijan “On Public Legal Entities,” except those mentioned in Clause 6.1 of this Decree.
 
7. The Cabinet of Ministers of the Republic of Azerbaijan:
 
7.1. Shall ensure the transfer of state property on the balance of the Science Development Foundation under the President of the Republic of Azerbaijan to the balance of the Foundation within two months from the date the Foundation is registered as a state entity, taking into account Clause 7.2 of this Decree.
 
7.2. Shall take necessary measures to ensure the efficient use of property acquired within the framework of grant projects financed by the Science Development Foundation under the President of the Republic of Azerbaijan and remaining on its balance after the completion of those projects.
 
7.3. Shall resolve other issues arising from this Decree.
 
8. The Ministry of Finance of the Republic of Azerbaijan shall provide the necessary funds for the maintenance and operation of the Foundation in the draft state budget for each year.
 
9. The Foundation:
 
9.1. Within three (3) days from the date this Decree comes into force, shall apply to the Ministry of Economy of the Republic of Azerbaijan for state registration in accordance with the Law of the Republic of Azerbaijan “On State Registration and State Registry of Legal Entities.”
 
9.2. Within one month, shall approve the Foundation’s structure, salary fund, staff limits, and amounts of salaries (official wages, additional payments to official wages, bonuses, and other payments) in agreement with the President of the Republic of Azerbaijan.
 
9.3. Shall resolve other issues arising from this Decree.
 
10. The Decree of the President of the Republic of Azerbaijan No. 223 dated February 19, 2010, “On the Approval of the Charter of the Science Development Foundation under the President of the Republic of Azerbaijan” (Legislative Collection of the Republic of Azerbaijan, 2010, No. 2, Article 87; 2014, No. 11, Article 1404; 2017, No. 7, Article 1361; 2018, No. 7 (Part I), Article 1451) shall be repealed.



                                                 
Ilham ALİYEV
the President of the Republic of Azerbaijan

 

Baku city, October 15, 2022
                №1855

 


 

gerb_azerbaijan 

 

Approved by the Decree of the President of the
Republic of Azerbaijan dated October 15, 2022

 

The Charter of the Azerbaijan Science Foundation

 

1. General Provisions

1.1. The Azerbaijan Science Foundation (hereinafter referred to as the Foundation) is a public legal entity that provides targeted funding through grants for fundamental, applied, and experimental research, as well as other scientific activities, in the fields of natural sciences, technology, humanities, and social sciences (hereinafter referred to as the relevant field).

1.2. In its activities, the Foundation adheres to the Constitution of the Republic of Azerbaijan, the laws of the Republic of Azerbaijan, this Charter, other decrees and orders of the President of the Republic of Azerbaijan, resolutions and orders of the Cabinet of Ministers of the Republic of Azerbaijan, as well as other normative legal acts.

1.3. In fulfilling its duties and exercising its rights, the Foundation cooperates with state authorities, local self-governing bodies, international and non-governmental organizations, and other legal and physical entities.    

1.4. The Foundation undertakes activities of national and public importance. To achieve the objectives set forth in this Charter, the Foundation may also engage in entrepreneurial activities.

1.5. The Foundation has an independent balance sheet, property, treasury and bank accounts, a seal bearing its name, and associated stamps and letterheads. 

1.6. In accordance with the law, the Foundation has the right to enter into transactions, acquire and exercise property and non-property rights in its own name, and to undertake obligations. The Foundation may act as a plaintiff or defendant in court.   

1.7. The Foundation is situated in the city of Baku.


PDF: The Charter of the Azerbaijan Science Foundation

 

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