ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of October 13, 1994 No. 761

About approval of the Regulations on sanitation, reorganization and liquidation of insolvent enterprises

The government of the Republic of Moldova DECIDES:

1. Approve Regulations on sanitation, reorganization and liquidations of insolvent enterprises it (is applied).

2. To the industry ministries and departments, other state bodies to carry out the analysis of economical and financial condition of the companies for the spheres of management in a month, to constitute and since November 15, 1994 to keep the list of insolvent enterprises.

To the ministry of privatization and management of state-owned property till December 1, 1994 to constitute and begin to keep the Summary list of insolvent enterprises on the republic.

3. The industry ministries and departments, other state bodies, and in necessary cases together with the Ministry of privatization and management of state-owned property and in coordination with the Ministry of Economics and the Ministry of Finance, after inclusion of the company in the List of insolvent enterprises:

a) in two weeks resolve issue of dissolution of administrative board and of release of the head of insolvent enterprise as inappropriate to post and appoint:

at the company which is subject to sanitation - the manager-head on the agreement (contract) on competitive basis, and also, if necessary, administrative board,

at the company which is subject to reorganization or liquidation and sale, the authorized representative under the contract for management;

b) in a month develop and claim:

on the companies which are subject to sanitation - programs of sanitation (business plans),

on the companies which are subject to reorganization without change of type of property - plans of reorganization;

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