ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of October 4, 1991 No. 551

About approval of the Regulations on the organization of auctions for sale of industrial, agricultural and other output

The government of the Republic of Moldova decides:

1. Approve the enclosed Regulations on the organization of auctions for sale of industrial, agricultural and other output.

2. Determine that about 5 percent of the profit on holding auctions sent to fund of support of the sector of the small and medium companies and provided further on returnable basis to entrepreneurs for investment into creation and development of production base of small enterprises in release of consumer goods, products of agricultural industry, food, medicines, construction materials and designs are not taxed.

N551 of October 4, 1991 is approved by the Order of the Government of the Republic of Moldova.

Regulations on the organization of auctions for sale of industrial, agricultural and other output

I. General provisions

1. This Provision determines the basic rules of holding auctions for sale to industrial, agricultural and other machinery, the rights and obligations of sellers, buyers and other participants of auction, procedure for distribution of the gained income.

2. The decision on sale of industrial, agricultural and other output at auctions is accepted by the physical persons and legal entities which are producers of these products or the bodies authorized on it by the Government of the Republic of Moldova.

3. At auctions can be on sale as for non-cash and so in cash:

1) producers of products - the industrial, agricultural and other output which is turned out over the state order and also products which are not included in the state order;

2) the bodies authorized by the decision of the Government of the Republic of Moldova - products determined by the Government of the Republic of Moldova.

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