Article 177. Violation of the legislation of the Republic of Kazakhstan on rehabilitation and bankruptcy by the temporary administrator of the Code of Administrative Offences of the Republic of Kazakhstan

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Article 177. Violation of the legislation of the Republic of Kazakhstan on rehabilitation and bankruptcy by the temporary administrator of the Code of Administrative Offences of the Republic of Kazakhstan

1. Non-fulfillment or improper fulfillment of the obligation to submit to the court an opinion on the financial stability of the debtor –

entails a fine in the amount of thirty monthly calculation indices.

2. Non-fulfillment or improper fulfillment of the obligation to take inventory of the bankrupt's estate and (or) submit an inventory report –

entails a fine in the amount of thirty monthly calculation indices.

3. Failure to fulfill or improper fulfillment of the obligation to send to the authorized body in the field of rehabilitation and bankruptcy an announcement on the initiation of bankruptcy proceedings and the procedure for creditors to submit claims for posting on its Internet resource –

entails a fine in the amount of five monthly calculation indices.

4. Excluded by the Law of the Republic of Kazakhstan dated December 27, 2019 No. 290-VI (effective ten calendar days after the date of its first official publication).

5. Non-fulfillment or improper fulfillment of the obligation to provide the authorized body in the field of rehabilitation and bankruptcy with current and requested information on the progress of the bankruptcy procedure –

entails a warning.

6. Late notification of creditors about the decision taken based on the results of consideration of claims filed in accordance with the legislation of the Republic of Kazakhstan on rehabilitation and bankruptcy, –

entails a fine in the amount of five monthly calculation indices.

7. Non-fulfillment or improper fulfillment of the obligation to notify creditors of the date, time and place of the creditors' meeting –

entails a fine in the amount of five monthly calculation indices.

8. Excluded by the Law of the Republic of Kazakhstan dated December 27, 2019 No. 290-VI (effective ten calendar days after the date of its first official publication).

9. Failure to fulfill or improper fulfillment of the obligation to accept from the bankrupt's officials the constituent documents, accounting documents, title documents for the bankrupt's property, seals (if any), stamps, tangible and other valuables belonging to the bankrupt, –

entails a fine in the amount of fifteen monthly calculation indices.

10. Non-fulfillment or improper fulfillment of the obligation to transfer constituent documents, accounting documents, title documents to the bankrupt's (debtor's) property, seals (if any), stamps, tangible and other valuables belonging to the bankrupt (debtor), when transferring powers from the interim administrator to the bankruptcy administrator or debtor in case of cancellation of the court decision recognizing the debtor bankrupt –

entails a fine in the amount of fifteen monthly calculation indices.

11. Non–fulfillment or improper fulfillment of the obligation to provide information based on a written request from the creditor and the bankrupt individual entrepreneur, the owner of the property (his authorized body), the founder (participant) of the bankrupt legal entity –

entails a warning.

12. Non-fulfillment or improper fulfillment of the obligation to form a register of creditors' claims –

entails a fine in the amount of thirty monthly calculation indices.

13. Excluded by the Law of the Republic of Kazakhstan dated December 27, 2019 No. 290-VI (effective ten calendar days after the date of its first official publication).

14. The sale of property, the value of which will decrease significantly (perishable goods, livestock and other goods requiring urgent sale) during the period before the appointment of a bankruptcy trustee, in violation of the procedure established by the Law of the Republic of Kazakhstan "On Rehabilitation and Bankruptcy", –

entails a fine in the amount of fifteen monthly calculation indices.

15. Actions (inaction) provided for in parts one, two and twelve of this Article, committed repeatedly within a year after the imposition of an administrative penalty, –

they entail a fine in the amount of sixty monthly calculation indices.

16. Actions (inaction) provided for in parts three, five, six, seven and eleven of this article, committed repeatedly within a year after the imposition of an administrative penalty, –

they entail a fine in the amount of fifteen monthly calculation indices.

17. Actions (inaction) provided for in parts nine, ten and fourteen of this Article, committed repeatedly within a year after the imposition of an administrative penalty, –

they entail a fine in the amount of thirty monthly calculation indices.

President

Republic of Kazakhstan

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