Iran Press/ Iran news: Examined in the open session of Iran's Parliament on Wednesday, the bill was ratified with 155 votes in favor, 19 votes against, and 8 abstentions out of the 224 MPs present in the Parliament.
According to Article 10, the Ministry of Agriculture will be allowed to allocate an annual budget for the integration of the management of agricultural farms as well as the improvement of productivity and production increase to prepare and offer incentive and support packages for consolidation and conversion of small-scale farms and agricultural units into smaller agro-industrial companies or agro-stock companies, preferably with the ability to offer and trade on the stock exchange organization or out of it under the supervision of the organization.
While facilitating and offering the shares of the companies, the stock exchange organization can establish a new stock market or an over-the-counter market for this purpose or allocate a separate market in one of the mentioned markets.
The enforcement direction and the manner of supporting these companies will be announced within three months upon the joint proposal of the Minister of Agriculture and the Stock Exchange Organization.
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