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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of November 16, 2018 No. 766

About reorganization of Fund of the Problem Credits joint-stock company and "The Company on Rehabilitation and Asset Management" joint-stock company

According to subparagraph 4) of article 11 of the Law of the Republic of Kazakhstan of March 1, 2011 "About state-owned property" the Government of the Republic of Kazakhstan DECIDES:

1. Reorganize Fund of the Problem Credits joint-stock company by accession of "The Company on Rehabilitation and Asset Management" joint-stock company to it.

2. Determine types of activity of Fund of the Problem Credits joint-stock company:

1) improvement of quality of credit portfolios of banks of the second level;

2) implementation of actions for return of the credits issued to the national Rehabilitation bank of the Republic of Kazakhstan from means of the republican budget and National Bank of the Republic of Kazakhstan;

3) collection in the republican budget of credit debt, earlier issued at the expense of means of the republican budget, and also to the funds allocated for obligation fulfillment on the state guarantees of the Republic of Kazakhstan;

4) servicing of the loans guaranteed by the state and state loans;

5) collection of receivables;

6) participation in rehabilitation procedures;

7) realization of the property pledged by the taxpayer (tax agent) and (or) the third party, and also limited at the disposal of property of the taxpayer (tax agent), the payer and (or) goods detained by bodies of state revenues.

3. To committee of state-owned property and privatization of the Ministry of Finance of the Republic of Kazakhstan together with Committee of state revenues of the Ministry of Finance of the Republic of Kazakhstan in the procedure established by the legislation to take the measures following from this resolution.

4. Approve the enclosed changes which are made to some decisions of the Government of the Republic of Kazakhstan.

5. Declare invalid the order of the Government of the Republic of Kazakhstan of December 14, 2004 No. 1316 "About some questions of "The Company on Rehabilitation and Asset Management" joint-stock company.

6. This resolution becomes effective from the date of its signing.

Prime Minister of the Republic of Kazakhstan

B. Sagintayev

Approved by the Order of the Government of the Republic of Kazakhstan of November 16, 2018 No. 766

Changes which are made to some decisions of the Government of the Republic of Kazakhstan

1. In the order of the Government of the Republic of Kazakhstan of April 12, 1999 No. 405 "About types of state-owned property on the state blocks of shares and the state shares in the organizations" (SAPP of the Republic of Kazakhstan, 1999, No. 13, the Art. 124):

in the list of joint-stock companies and economic partnerships which state blocks of shares and shares remain in republican property, approved by the specified resolution:

in the Section Astana":

to exclude line, sequence number 21-15,.

2. In the order of the Government of the Republic of Kazakhstan of May 27, 1999 No. 659 "About assignment of rights on ownership and use of the state blocks of shares and the state shares in the organizations which are in republican property":

in the list of the state blocks of shares and the state shares in the organizations of republican property, the right of possession and uses of which is transferred to the industry ministries and other state bodies, approved by the specified resolution:

in the Section to "Ministry of Finance of the Republic of Kazakhstan":

to exclude line, sequence number 217-15,.

3. In the order of the Government of the Republic of Kazakhstan of April 24, 2008 No. 387 "Some questions of the Ministry of Finance of the Republic of Kazakhstan" (SAPP of the Republic of Kazakhstan, 2008, No. 22, the Art. 205):

in the list of the organizations which are under authority of the Ministry of Finance of the Republic of Kazakhstan and its departments:

Item 1. "Exclude "The Company on Rehabilitation and Asset Management" joint-stock company.

 

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