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Legal compliance
We follow the Constitution of Afghanistan, the State-Owned Corporations Law, this Statute and all related laws, and we pay all taxes and duties. Where the Statute and the law differ, the law prevails.
How Afghan Cart Corporation is governed, managed and held accountable – based on our official Statute.
Afghan Cart is a state-owned corporation with its own legal personality and an independent balance sheet. Its Statute, approved by the Cabinet in 5 chapters and 55 articles under the State-Owned Corporations Law, sets out how we work.
Our head office is in Kabul, and branches can be opened anywhere in the country when needed. The policies below summarize the most important rules of the Statute.
In everything we do, we follow the Constitution of Afghanistan, the State-Owned Corporations Law and our Statute.
A summary of the main rules in the Statute of Afghan Cart State-Owned Corporation.
We follow the Constitution of Afghanistan, the State-Owned Corporations Law, this Statute and all related laws, and we pay all taxes and duties. Where the Statute and the law differ, the law prevails.
The company is run by the General Assembly of Shareholders, the Board of Directors and the Executive Committee, under the oversight of the Supervisory Board of State-Owned Corporations.
For the full Statute or any question about how we work, contact our team.
Talk to our team about imports, exports and sales.
The Board has 3 to 7 members (always an odd number), each holding at least a bachelor’s degree in economics, management or a related field. It sets strategy and answers to the Supervisory Board and the shareholders.
The Executive Committee – the Chief Executive with the finance & administration, operations and commercial heads – serves three-year terms, renewable once, meets once or twice a week and decides by majority vote.
Our accounts follow International Financial Reporting Standards (IFRS) with computerized double-entry bookkeeping. The financial year runs from 1 Jadi to 30 Qaws.
Our annual accounts are audited every year by an independent external auditor and may also be reviewed by the Supreme Audit Office.
Up to 20% of net profit can be set aside as development, incentive and reserve funds. How profit is used is proposed by the Board and approved by the shareholders.
We report our activities, income and expenses to the government every month, prepare and publish an annual report, and share our activities and achievements on this website.
Staff are hired, transferred and dismissed from qualified candidates under approved internal rules. Pay reflects the role, skills and the company’s financial position, and we invest in staff training.
We sign contracts, agreements and public–private partnerships with national and international organizations in line with the law, and we welcome private-sector investment.
Anyone can submit a complaint about the company to the Chief Executive. If not satisfied with the decision, they can take it to the Supervisory Board.
Board members, managers, staff and auditors must protect confidential company information. Financial, accounting and legal records are kept in electronic and paper form.