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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of May 12, 1995 No. UP-1154

About measures for increase in responsibility of heads of the companies and the organizations for timeliness of carrying out calculations in the national economy

(as amended on 18-10-2021)

For the purpose of strengthening of financial position of the companies and organizations, ensuring timeliness of calculations of consumers for the delivered products, the performed works and services, increases in responsibility of heads for condition of payment discipline in the national economy:

1. Ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 14.09.2021 No. UP-6313

2. Consider overdue receivables not receipt of funds for the delivered goods, the rendered services and the performed works after ninety days from the date of the actual shipment of goods, performance of works, rendering the services except as specified established by the legislation.

To heads and chief accountants of the companies from shares of the state in the authorized capital of 50 percent and more, allowing availability of overdue receivables to apply the most drastic measures administrative and financial responsibility, up to criminal prosecution.

3. To prosecutor's office of the Republic of Uzbekistan to strengthen control of accountability, including criminal, the officials performing deliveries of products (works, services) to insolvent consumers.

4. Ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 06.03.2019 No. UP-5684

5. Ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 18.10.2021 No. UP-6325

6. Goskomprognozstatu of the Republic of Uzbekistan to develop and introduce since July, 1995 the monthly statistical reporting on condition дебиторско - creditor, including overdue debt on the ministries, the state committees and other bodies of the public and economic board by the companies and the organizations.

7. To the Supreme Court of the Republic of Uzbekistan together with prosecutor's office, the State Property Committee and the Ministry of Justice of the Republic of Uzbekistan to speed up work on initiation in accordance with the established procedure of cases on bankruptcy of insolvent economic subjects.

8. To the Ministry of Justice of the Republic of Uzbekistan in week time to make in the Cabinet of Ministers offers on entering into the current legislation of the changes and amendments following from this decree.

9. To impose control over the implementation of this decree on the Cabinet of Ministers of the Republic of Uzbekistan.

President of the Republic of Uzbekistan
Islam Karimov

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