Article 110. Control over the execution of the contract of sale of the Law on State Property

Home / RLA / Article 110. Control over the execution of the contract of sale of the Law on State Property

1. Subsequent control over the proper fulfillment of the terms of the contract of sale of the privatisation object is carried out by the seller.

2. Control over the fulfillment of the terms of the contract is carried out until the end of the fulfillment of obligations by the buyer.

To carry out control, the seller gets acquainted with the documents related to the execution of the purchase and sale agreement, including the terminated one, and involves representatives of authorized bodies of the relevant industries (local executive bodies), as well as, if necessary, consulting, auditing and other organizations.

The authorized bodies of the relevant industries (local executive bodies), within fifteen calendar days from the date of receipt of the notification from the seller, submit candidates for their representatives to participate in monitoring the fulfillment of the terms of the purchase agreement.

The involvement of consulting, auditing and other organizations for control is carried out in accordance with the legislation of the Republic of Kazakhstan on public procurement.

The Law of the Republic of Kazakhstan dated March 1, 2011 No. 413-IV.

This Law defines the legal regime of state property, the legal basis for the management of State property, including property assigned to State-owned legal entities, and state-owned shares and stakes in the authorized capital of legal entities, the legal grounds for the acquisition and termination of rights to state property, and is aimed at ensuring the effective exercise by the State of the rights of the owner and holder of other rights. on state property.

President

Republic of Kazakhstan

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