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THE ORDER OF THE DEPUTY PRIME MINISTER - THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of March 10, 2023 No. 254

About approval of Rules and terms of carrying out monitoring of financial condition of the debtor and bankrupt

(as amended on 13-09-2024)

According to the subitem 13) Article 9 and Item 1 of article 48 of the Law of the Republic of Kazakhstan "About recovery of solvency and bankruptcy of citizens of the Republic of Kazakhstan", PRIKAZYVAYU:

1. Approve the enclosed Rules and terms of carrying out monitoring of financial condition of the debtor and bankrupt.

2. To provide to committee of state revenues of the Ministry of Finance of the Republic of Kazakhstan in the procedure established by the legislation of the Republic of Kazakhstan:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this order on Internet resource of the Ministry of Finance of the Republic of Kazakhstan;

3) within ten working days after state registration of this order in the Ministry of Justice of the Republic of Kazakhstan submission to Department of legal service of the Ministry of Finance of the Republic of Kazakhstan of data on execution of the actions provided by subitems 1) and 2) of this Item.

3. This order becomes effective after ten calendar days after day of its first official publication.

The deputy prime minister is the Minister of Finance of the Republic of Kazakhstan

E.Zhamaubayev

Approved by the Order of the Deputy prime minister – the Minister of Finance of the Republic of Kazakhstan of March 10, 2023 No. 254

Rules and terms of carrying out monitoring of financial condition of the debtor and bankrupt

Chapter 1. General provisions

1. These rules and terms of carrying out monitoring of financial condition of the debtor and bankrupt (further – Rules) are developed according to the subitem 13) of Article 9 and Item 1 of article 48 of the Law of the Republic of Kazakhstan "About recovery of solvency and bankruptcy of citizens of the Republic of Kazakhstan" (further – the Law) and determine procedure and terms of carrying out monitoring of financial condition of the debtor and bankrupt for the purpose of check of its actions regarding their making in private interests for the purpose of evasion from obligation fulfillment before creditors, except for persons which applied procedure of extrajudicial bankruptcy for the bases, stipulated in Item 3 articles 5 of the Law.

Chapter 2. Procedure and terms of carrying out monitoring of financial condition of the debtor

2. Monitoring of financial condition of the debtor according to article 48 of the Law is performed by divisions of departments of state revenues on areas, the cities of republican value and the capital which function includes implementation of public administration on recovery of solvency and bankruptcy of citizens of the Republic of Kazakhstan (further – division of DGD).

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