Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of September 26, 2003 No. 920

About measures for regulation of debts of the state companies for social payments privatized and transferred to the control

(as amended on 06-09-2016)

For the purpose of strengthening of social protection of the population, and also ensuring investment attraction in the state companies privatized and transferred to the control I decide:

1. Approve "Rules of repayment of debts of the state companies for social payments privatized and transferred to the control" (are applied).

2. Determine that based on the Rules specified in Item 1 of this Decree, repayment of debts of the state companies is performed at the expense of the means provided by the government budget of the Azerbaijan Republic for 2003 and 2004 for the State committee on questions of property of the Azerbaijan Republic for the purpose of involvement of the independent financial consultant in the course of privatization of state-owned property, the organization of the connected with privatization, information support, preprivatization improvement of the companies, and means of compulsory national social insurance.

3. To the state committee on property questions, the Ministry of Finance and the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic to take the necessary measures connected with execution of this Decree.

4. This Decree becomes effective from the date of publication.

President of the Azerbaijan Republic

Heydar Aliyev

 

Approved by the Presidential decree of the Azerbaijan Republic of September 26, 2003 No. 920

Rules of repayment of debts of the state companies for social payments privatized and transferred to the control

I. General provisions

1.1. These rules regulate process of repayment of outstanding debts (further - debts) the state companies announced open for privatization according to "The state program of privatization of state-owned property in the Azerbaijan Republic in 1995-1998" and "the II State program of privatization of state-owned property in the Azerbaijan Republic", and also transferred to the control (further - the state companies) on social payments.

1.2. These rules extend to repayment of the following debts of the state companies:

1.2.1. payments as compensation of damage to families of the workers who died as a result of accident in case of accomplishment of labor obligations, to the workers who received industrial injury and underwent to occupational disease;

1.2.2. according to the Law of the Azerbaijan Republic "About social insurance" the following payments on social insurance:

1.2.2.1. labor (social insurance) pensions according to the Law of the Azerbaijan Republic "About work pensions";

1.2.2.2. benefits for temporary disability;

1.2.2.3. maternity allowances;

1.2.2.4. lump-sum allowances on the child's birth;

1.2.2.5. child care allowance before achievement of stipulated by the legislation age limit by it;

1.2.2.6. benefits in connection with funeral;

1.2.2.7. expenses on sanatorium treatment.

II. Scope of rules

2.1. These rules extend on:

2.1.1. the debts of the state companies which arose to the introduction of these rules in force on which within "The state program of privatization of state-owned property in the Azerbaijan Republic in 1995-1998" and based on "the II State program of privatization of state-owned property in the Azerbaijan Republic" the decision on privatization is made and also privatization of which did not come to the end;

2.1.2. the debts of the state companies transferred to the control which arose before entry into force of the agreement on the right of management of them.

III. Financing of debts

3.1. For the purpose of financing of the these rules of debts of the state companies specified in Item 1.2.1 the Ministry of Finance of the Azerbaijan Republic transfers to account the Ministries of Labour and Social Protection of the population of the Azerbaijan Republic the means provided by the government budget of the Azerbaijan Republic for 2003 and 2004 for the State committee on questions of property of the Azerbaijan Republic, for the purpose of involvement of the independent financial consultant in the course of privatization of state-owned property, the organization of the information support connected with privatization, preprivatization improvement of the companies.

3.2. The Ministry of Labour and Social Protection of the population of the Azerbaijan Republic finances in accordance with the established procedure the debts specified in Item 1.2.1 of these rules by means, stipulated in Item 3.1 these rules, and the debts specified in Item 1.2. 2, - at the expense of means of compulsory national social insurance.

IV. Rules of repayment of debts

4.1. Debts are paid off based on the collation statements which are drawn up between local authorities of the State Social Security Fund under the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic and the state companies.

For this purpose the State committee on questions of property of the Azerbaijan Republic represents to the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic the list of the state companies.

4.2. The state companies together with local authorities of the State Social Security Fund under the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic draw up collation statements of amount of debt in a month.

Based on the drawn-up collation statements local authorities of the State Social Security Fund under the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic during fifteen banking days transfer required means to account of the state companies.

The state companies at the expense of these means perform direct repayment of debts.

4.3. After repayment of debts the state companies within seven days submit the report to the State committee on questions of property of the Azerbaijan Republic and the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic.

4.4. After the representation specified in Item 4.3. these rules of the report responsibility on any dispute which arose in connection with repayment of debts bears the state company which submitted the report in the procedure established by the legislation.

V. Responsibility

Persons guilty of violation of these rules bear responsibility according to the legislation of the Azerbaijan Republic.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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