ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of July 27, 2011 No. 867

About modification of the order of the Government of the Republic of Kazakhstan of April 26, 2006 No. 326 "About approval of Rules of tendering selling property (assets) of the debtor"

The government of the Republic of Kazakhstan DECIDES:

1. Bring in the order of the Government of the Republic of Kazakhstan of April 26, 2006 No. 326 "About approval of Rules of tendering selling property (assets) of the debtor" (SAPP of the Republic of Kazakhstan, 2006, No. 15, the Art. 143) the following change:

The rules of tendering selling property (assets) of the debtor approved by the specified resolution to be reworded as follows according to appendix to this resolution.

2. This resolution becomes effective after twenty one calendar days from the date of the first official publication.

Appendix

to the order of the Government of the Republic of Kazakhstan of July 27, 2011 No. 867

Approved by the order of the Government of the Republic of Kazakhstan of April 26, 2006, No. 326

Rules of tendering selling property (assets) of the debtor

These rules are developed according to the Civil code of the Republic of Kazakhstan, the Law of the Republic of Kazakhstan "About bankruptcy", other regulatory legal acts and regulate procedure for tendering selling property (assets) of the debtor, including rights to claim in insolvency proceedings on the principles of equal access to participation in the biddings and competition of bidders.

1. General provisions

1. In these rules the following concepts are used:

1) auction number - number assigned to the bidder;

2) the winner - the participant who offered top price for auction lot;

3) lot - subject or several objects which are at the same time sold at auction;

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