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Government Companies Law, 5735-1975

חוק החברות הממשלתיות, תשל"ה-1975

Published: 1975-07-04Consolidated Hebrew text as of 2026-08-02 · Last amended 2026-07-28✓ Amendment status checked against the Knesset legislation record on 2026-09-29
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Unofficial English translation — for reference only. It may contain errors or omissions and cannot be relied on as a legal text. Only the Hebrew text published in Reshumot is legally binding.More

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Despite these checks, it may contain errors, omissions, or imprecise renderings of legal terminology and cross-references, and it may not yet reflect the latest amendments. It cannot be relied upon as a legal text.

The Hebrew text as published in Reshumot (ספר החוקים) and on the Knesset website is the sole authoritative and legally binding version. In any discrepancy, the Hebrew text prevails.

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Chapter X: Miscellaneous Provisions

Preservation of the Powers of the State Comptroller§

64.

Nothing in this Law is intended to derogate from the functions or powers vested in the State Comptroller under the State Comptroller Law, 5718-1958 [Consolidated Version], or under any other law.

Preservation of the State Assets Law§

65.

Nothing in this Law is intended to derogate from the provisions of the State Assets Law, 5711-1951.

Prohibition of Delegation of Powers§

66.

The powers of Ministers under this Law are not delegable.

Notification of Suspicion of an Offence§

67.

Where Ministers receive information under this Law disclosing a suspicion that a criminal offence has been committed, they shall notify the Attorney General thereof.

Penalties§

68.
(a)A State-appointed director who has knowingly contravened the provisions of section 20, a general manager of a government company or a government subsidiary who has knowingly contravened the provisions of section 41, and a representative of the State who has failed to comply with a directive given to him under section 50(c), section 58(a)(5) or section 59(b), shall be liable – one year's imprisonment or a fine of 20,000 liras.
(b)For the purposes of subsection (a), it is immaterial whether the offence was committed in Israel or outside it, and the courts in Israel are competent to try a person even if the offence was committed outside Israel.
(c)A person who has knowingly failed to comply with a requirement of the Authority under section 55 shall be liable – one year's imprisonment.

Amendment of the Law for the Amendment of Criminal Laws (Public Servants)§

69.

In section 1 of the Law for the Amendment of Criminal Laws (Public Servants), 5717-1957, after paragraph (10) the following shall be inserted:

"(11) a State-appointed director in a government company, a government subsidiary or a mixed company, within the meaning thereof in the Government Companies Law, 5735-1975, as well as an employee of such a company or a person employed in its service."

Transitional Provisions§

70.
(a)A person appointed as a State-appointed director in a government company, a government subsidiary, a mixed company or a foreign company before the commencement of this Law shall cease to serve no later than eighteen months after the commencement of this Law, unless reappointed under the provisions of this Law.
(b)A member of the Knesset serving, on the eve of the commencement of this Law, in one of the positions that this Law disqualifies members of the Knesset from holding, may continue to serve in that position for as long as that person is a member of the Eighth Knesset.
(c)Nothing in this Law is intended to affect a contract entered into by a government company before its commencement.
70a.§

(Repealed — תשס״ו)

Implementation and Regulations§

71.

The Minister of Finance is responsible for the implementation of this Law and may make Regulations in relation to anything concerning its implementation.

Commencement§

72.

This Law shall come into force six months after its adoption by the Knesset.

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First Schedule (The definition "infrastructure company" – section 59u)

1.§

Maatz – National Roads Company Ltd.

2.§

Ayalon Highways Company Ltd.

3.§

Cross Israel Highway Company Ltd.

4.§

Israel Railways Company Ltd.

5.§

NTA – Metropolitan Mass Transit System Ltd.

6.§

Israel Ports – Development and Assets Company Ltd.

7.§

Ashdod Port Company Ltd.

8.§

Haifa Port Company Ltd.

9.§

Eilat Port Company Ltd.

10.§

Mekorot Water Company Ltd.

11.§

Israel Electric Corporation Ltd.

12.§

Oil and Energy Infrastructure Company Ltd.

13.§

Fuel Products Pipeline Company Ltd.

14.§

Natural Gas Lines to Israel Ltd.

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Second Schedule (section 60a)

1.§

The Film Review Council – the Cinematograph Ordinance, 1927

2.§

The Cable Broadcasting Council – the Telecommunications Law, 5742-1982

3.§

The Museums Council – the Museums Law, 5743-1983

4.§

The Agricultural Investment Administration Council – the Encouragement of Capital Investment in Agriculture Law, 5741-1980

5.§

The Advisory Council – the Petroleum Law, 5712-1952

6.§

Advisory Council – Capital Investments Encouragement Law, 5719-1959

7.§

The Electricity Authority, under the Electricity Sector Law, 5756-1996

8.§

The Special Committee under section 29 of the Absentees' Property Law – Absentees' Property Law, 5710-1950

9.§

The National Council for Planning and Building – Planning and Building Law, 5725-1965

10.§

The Council for State Religious Education – State Education Law, 5713-1953

11.§

The Education Committee – State Education Law, 5713-1953

12.§

The Service Committee – State Service (Appointments) Law, 5719-1959

13.§

The Water Council – Water Law, 5719-1959

14.§

The Investment Centre Management Board – Capital Investments Encouragement Law, 5719-1959

15.§

(Repealed)

16.§

The Council under the Natural Gas Sector Law, 5762-2002

17.§

The National Committee for the Planning and Building of National Infrastructure – Planning and Building Law, 5725-1965

18.§

The Monetary Committee and the Administrative Council – under the Bank of Israel Law, 5770-2010

19.§

The Public Council – under the Benjamin Zeev Herzl (Commemoration of His Memory and Work) Law, 5764-2004

20.§

The Public Council – under the Ze'ev Jabotinsky (Commemoration of His Memory and Work) Law, 5765-2005

21.§

The Advisory Committee and the Advisory Council under the Supervision of Financial Services (Insurance) Law, 5741-1981

22.§

The Advisory Committee – under the Consumer Protection Law, 5741-1981

23.§

The Council of the Government Authority for Water and Sewage under the Water Law, 5719-1959

24.§

The National Sports Council established under the Sports Law, 5748-1988

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