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The document ceased to be valid since  April 8, 2021 according to the Resolution of Board of the Central bank of the Republic of Uzbekistan of March 10, 2021 No. 28/19

It is registered

Ministry of Justice

Republic of Uzbekistan

On September 4, 2008 No. 1850

RESOLUTION OF BOARD OF CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN

of July 19, 2008 No. 16/2

About approval of the Regulations on procedure for use by individual entrepreneurs of bank cards in national currency

(as amended on 18-03-2017)

According to the Civil code of the Republic of Uzbekistan and the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan" and "About banks and banking activity", the Resolution of the President of the Republic of Uzbekistan of November 7, 2007 "About measures for further development of bank system and involvement of free money in bank turnover" and resolutions of the Cabinet of Ministers of the Republic of Uzbekistan of September 24, 2004 N 445 "About measures for further development of settlement system on the basis of plastic cards" the Board of the Central bank decides N PP-726:

1. Approve Regulations on procedure for use by individual entrepreneurs of bank cards in national currency according to appendix.

2. This resolution becomes effective after ten days from the date of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

Chairman of the Central bank

F.Mullazhanov

 

Approved by the Resolution of Board of the Central bank of the Republic of Uzbekistan of July 19, 2008 No. 16/2

Regulations on procedure for use by individual entrepreneurs of bank cards in national currency

This Provision according to the Civil code of the Republic of Uzbekistan (the Sheet of Oliy Majlis of the Republic of Uzbekistan, 1996, appendix to No. 2), the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan" (Sheets of Oliy Majlis of the Republic of Uzbekistan, 1995, No. 12, the Art. 247) and "About banks and banking activity" (Sheets of Oliy Majlis of the Republic of Uzbekistan, 1996, Art. No. 5-6, 54), the resolution of the President of the Republic of Uzbekistan of November 7, 2007 No. PP-726 "About measures for further development of bank system and involvement of free money in bank turnover" (Collection of the legislation of the Republic of Uzbekistan, 2007, No. 45, the Art. 454) and the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of September 24, 2004 No. 445 "About measures for further development of settlement system on the basis of plastic cards" (Collection of the legislation of the Republic of Uzbekistan, 2004, No. 9, of the Art. 94) determines procedure of calculations with the individual entrepreneurs performing activities without formation of legal entity (further - individual entrepreneurs), with use of bank cards in national currency for goods and services.

I. General provisions

1. In this Provision the following main terms are used:

bank card in national currency of the individual entrepreneur (further - bank card of the individual entrepreneur) - the payment card issued by bank to the individual entrepreneur, granting the right to the holder of bank card of the individual entrepreneur to make payments with use of the money which is on the card account for goods, works or services in non-cash form in national currency;

the holder of bank card of the individual entrepreneur - the individual entrepreneur using bank card based on the contract with the issuer. At the same time the individual entrepreneur has no right to delegate powers of the holder of bank card to other person;

the card account - the bank account of which money it is possible to dispose by means of bank card of the individual entrepreneur;

trade enterprise and services - the legal entity or the individual entrepreneur selling products, performing works and rendering services which according to the agreement with ekvayer-bank assume obligation on acceptance of payments for goods (works, services), the bank cards of the individual entrepreneur performed with use.

2. Issue of bank cards of the individual entrepreneur is performed according to Regulations on procedure for the bank card issue commercial banks and their addresses in the Republic of Uzbekistan (registration number No. 1344 of April 30, 2004 - the Collection of the legislation of the Republic of Uzbekistan, 2004, No. 17, the Art. 203). On the face of bank card of the individual entrepreneur as obligatory details of bank card, it shall be specified "individual entrepreneur" and surname, name and middle name of the individual entrepreneur.

3. The cash accounting, the calculations intended for implementation with use of bank cards of the individual entrepreneur, is kept according to the Chart of accounts of financial accounting in commercial banks of the Republic of Uzbekistan (registration number No. 773-17 of August 13, 2004,-the Collection of the legislation of the Republic of Uzbekistan, 2004, No. 32, the Art. 369) on the balance sheet account No. 22619 - "Obligations of individual entrepreneurs on bank plastic cards".

II. The transactions performed with use of bank cards of the individual entrepreneur

4. Replenishment of the card account money is performed based on the payment order of the individual entrepreneur who opened the card account from its main on-demand deposit account.

5. Calculations with use of bank cards of the individual entrepreneur are perfromed according to Regulations on clearing settlements in the Republic of Uzbekistan (registration number No. 1122 of April 15, 2002, - the Bulletin of regulations, 2002, No. 7).

6. From bank cards of the individual entrepreneur payment only of the following expenses which are directly connected with its productive, trading activity, activities for rendering services and performance of works is allowed:

a) purchases of raw materials and materials (including construction materials), semifinished products, fitment, equipment;

b) utility payments (payments for heating, hot water, drinking water, sewerage, electric power, gas and garbage removal);

c) lease payments;

d) taxes and other obligatory payments;

e) for the acquired individual entrepreneurs who are engaged in retail trading activity, goods for the purpose of their realization to the population in cash;

e) for payment of other expenses connected with the current activities.

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