Approved by the Resolution of Board of the State property fund of the Kyrgyz Republic of April 11, 1997 No. 50

Provisional regulations for procedure for collection of property on debt repayment in Social fund of the state companies (associations) and joint-stock companies with equity of the state

1. This provision is developed according to the Law of the Kyrgyz Republic "About the national social insurance" of June 17, 1996 No. 20, the Provision "About Social Fund under the Government of the Kyrgyz Republic" approved by the order of the Government of the Kyrgyz Republic of May 15, 1996 No. 222, the Fund charter of state property of the Kyrgyz Republic approved by the order of the Government of the Kyrgyz Republic of May 23, 1995 No. 182 and determines procedure for debt repayment of the state companies (associations) and joint-stock companies with equity of the state.

2. According to the Law of the Kyrgyz Republic "About the national social insurance" and to the Provision "About Social Fund under the Government of the Kyrgyz Republic" the Social fund has the right to impose claims to property of insurers for the amounts of obligatory payments unpaid at the scheduled time on insurance premiums.

This process shall be performed by Social fund under the Government of the Kyrgyz Republic in coordination with the State property fund of the Kyrgyz Republic and the company on which property penalty, for this purpose is imposed. that allocation of this property has not an adverse effect on further economic activity of the company.

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