Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF TAJIKISTAN

of July 23, 1996 No. 334

About release of the government registered short-term bonds

According to the Law of the Republic of Tajikistan "About the Public internal debt of the Republic of Tajikistan" and for the purpose of mobilization of financial resources from inflation sources for budget deficit covering the Government of the Republic of Tajikistan decides:

1. Approve the Main conditions of release of the government registered short-term bonds (Are applied).

2. To the Ministry of Finance of the Republic of Tajikistan to make the first release of the government registered short-term bonds of 300 million rubles.

3. Determine what costs on placement, payment of the income and repayment of the government registered short-term bonds is performed at the expense of means of the republican budget.

 

Chairman

Governments of the Republic of Tajikistan E.Rakhmonov

Approved by the Order of the Government of the Republic of Tajikistan of July 23, 1996 No. 334

Main conditions of release of the government registered short-term bonds

1. These conditions determine procedure for release and the circulation of the government registered short-term bonds (state treasury bills).

2. Issuer of state treasury bills is the Ministry of Finance of the Republic of Tajikistan.

3. The decision on release of state treasury bills is made by the Government of the Republic of Tajikistan.

4. Conditions of release and repayment of state treasury bills appears the Ministry of Finance of the Republic of Tajikistan in open seal not later than 10 calendar days prior to its placement.

5. The Ministry of Finance of the Republic of Tajikistan determines the dealer and signs with it the corresponding service agreement of release of state treasury bills.

The Ministry of Finance of the Republic of Tajikistan and the dealer authorized by them according to the signed agreement guarantees timeliness of repayment of the issued state treasury bills.

6. State treasury bills are issued for a period of 3, 6 and 12 months.

7. State treasury bills are not produced in the form of special paper certificates and address in the form of records on accounts.

8. To owners of state treasury bills there can be legal entities and physical persons, including nonresidents of the Republic of Tajikistan.

For each release of state treasury bills the Ministry of Finance of the Republic of Tajikistan can set restrictions on potentials of owners.

9. The income on state treasury bills the difference between sales price and purchase price is considered.

10. The Ministry of Finance draws up each release of state treasury bills the General certificate which is transferred by proxy the dealer to General Stock Exchange of the Republic of Tajikistan (TsFB) to storage, for the purpose of the subsequent realization through auction.

11. All transactions on placement and the circulation of state treasury bills it is performed only through the TsFB Trade system. TsFB is authorized on the conclusion, registration, execution of transactions and the organization of depositary accounting of state treasury bills.

The property right to state treasury bills arises from the moment of registration of owners and stops from the moment of cancellation of record about owners in depositary.

12. In case of placement of state treasury bills the Ministry of Finance together with National bank of the Republic of Tajikistan appoints the commission for determination of parameter of placement. Said commission makes the decision on the basis of the provided TsFB of the free register of the requests accepted on auction.

 

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

Effectively work with search system

Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.