Article 8. Grounds for refusal of registration of a legal entity intending to carry out collection activities of the Law on Collection Activities

Home / RLA / Article 8. Grounds for refusal of registration of a legal entity intending to carry out collection activities of the Law on Collection Activities

1. Refusal of registration of a legal entity intending to carry out collection activities is made in the following cases::

1) providing false information and information to be reflected in documents provided for by a regulatory legal act approved by the authorized body;

2) non-compliance of employees of a legal entity intending to carry out collection activities with the requirements provided for in paragraphs 2 and 3 of Article 12 of this Law;

3) non-compliance of a person, independently or jointly with another (other) person(s), directly or indirectly owning and (or) using and (or) disposing of ten or more percent of the shares in the authorized capital of a legal entity intending to carry out collection activities, or having control, with the requirements provided for in paragraph 3 of Article 3 of this Law;

4) upon the expiration of three months from the date of state registration (re-registration) in the State Corporation "Government for Citizens" to the authorized body with an application for registration;

5) non-compliance with the requirement established by paragraph 1 of Article 21 of this Law.

2. In case of refusal of registration on the grounds provided for in subitems 1), 2) and 3) of paragraph 1 of this Article, a legal entity intending to carry out collection activities, within thirty working days after the date of receipt of the refusal of registration, has the right to resubmit documents in accordance with paragraph 3 of Article 7 of this Law or is obliged to to carry out the re-registration procedure by excluding from its name the words "collection agency", words derived from them, suggesting that it carries out collection activities.

If a legal entity intending to carry out collection activities receives a refusal to register on the grounds provided for in subparagraphs 4) and 5) of paragraph 1 of this article, such a legal entity is obliged to carry out the re-registration procedure by excluding from its name the words "collection agency", words derived from them, suggesting that it carries out collection activities. activity.

In case of failure by a legal entity to perform the actions specified in parts one and two of this paragraph, it is subject to compulsory liquidation in accordance with the procedure established by the laws of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated May 6, 2017 No. 62-VI.

This Law regulates public relations related to the implementation of collection activities, establishes the specifics of the creation and operation of collection agencies, and also defines the specifics of state regulation of collection agencies and control over their activities.

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Republic of Kazakhstan

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