The enterprise is the legal successor of the State Enterprise “Single Window Center in the Field of Foreign Trade” under the Ministry of Economy and Commerce of the Kyrgyz Republic was established in accordance with the legislation of the Kyrgyz Republic in order to introduce the “Single Window” system, implement and promote the principle of “Single Window” in the field of foreign trade.
The enterprise is the legal successor of the State Enterprise “Single Window Center in the Field of Foreign Trade” under the Ministry of Economy and Commerce of the Kyrgyz Republic.
The founder of the Enterprise is the Cabinet of Ministers of the Kyrgyz Republic.
The state governing body of the Enterprise is the Ministry of Economy and Commerce of the Kyrgyz Republic (hereinafter referred to as the managing body).
The enterprise in its activities is guided by the Constitution and laws of the Kyrgyz Republic, regulatory legal acts of the Kyrgyz Republic, international treaties that have entered into force in accordance with the legislation of the Kyrgyz Republic, decisions of the governing body and these Regulations.
An enterprise is a legal entity operating in the organizational and legal form of a state enterprise, based on the right of economic management, has separate property and operates on a self-sustaining basis.
The enterprise has a seal depicting the State Emblem of the Kyrgyz Republic with its name in the state and official languages, an independent balance sheet, settlement and other accounts in national and foreign currency in banking institutions of the Kyrgyz Republic and foreign banks, a seal, forms with a company name, a stamp and other paraphernalia.
Full corporate name of the Enterprise:
– in the state language: “Кыргыз Республикасынын Экономика жана коммерция министрлигине караштуу «Тышкы соода чөйрөсүндөгү бирдиктүү терезе борбору» мамлекеттик ишканасы”;
– in the official language: “Государственное предприятие «Центр «единого окна» в сфере внешней торговли» при Министерстве экономики и коммерции Кыргызской Республики.
Abbreviated corporate name of the Enterprise:
– in the state language: БТБ МИ;
– in the official language: ГП ЦЕО.
Legal address of the Enterprise: 720002, Kyrgyz Republic, Bishkek city, Chui Avenue, 106.
Amendments to this Charter are carried out in accordance with the legislation of the Kyrgyz Republic.
The enterprise is not liable for the obligations of the Kyrgyz Republic, except for cases when it has assumed a surety (guarantee) for the obligations of the state.
The representative office and branch of the Enterprise operate on the basis of the provisions approved by them.
The company bears full responsibility for the activities of its branches and representative offices.
1) Purpose of the Enterprise
The enterprise carries out its activities in order to facilitate trade procedures by ensuring the availability, simplicity and efficiency of obtaining by applicants the necessary permits and licenses to regulate import and export operations.
2) Tasks and functions of the Enterprise
The main tasks of the Enterprise are:
1) creation of a “single window” system;
2) organization, development, provision of services and ensuring the proper functioning of the “single window” system in the implementation of pre-customs procedures in the field of import and export activities for participants in foreign economic activity.
In accordance with the assigned tasks, the Enterprise performs the following functions:
1) participates in the implementation and promotion of the principle of “single window” in the field of foreign trade;
2) provides information and advice on the procedure, working conditions and development of the “single window” system to individuals and legal entities that are participants in foreign economic activity;
3) carry out accounting and registration of data of participants in foreign economic activity;
4) carries out, in accordance with the established procedure, the exchange of information between state bodies and individuals, legal entities within the framework of the “single window” principle;
5) provides public access to the regulatory legal acts of the Kyrgyz Republic and other documents on foreign trade activities in the prescribed manner;
6) carries out automated transfer of documents between interested parties in order to provide information, communication and other services in the field of foreign trade;
7) coordinates and monitors the activities of state bodies, individuals and legal entities involved in the processing of export-import transactions within the framework of the “single window” principle;
8) carries out the formation, maintenance and updating of the electronic regulatory legal database of the “single window” system;
9) provides statistical and other information to the relevant state body, other individuals and legal entities within the framework of the “single window” system;
10) prepares and submits to the managing body information on monitoring the performance of state bodies, individuals and legal entities and other information about the activities of the Enterprise;
11) submits to the managing body reports on the activities of the Enterprise, the effectiveness of the “single window” system;
12) in agreement with the governing body, interacts and exchanges experience with international organizations and institutions on the implementation of the “single window” principle in the field of foreign trade;
13) maintains, collects, records and stores documents in paper and electronic formats;
14) collects for services related to the preparation of relevant documentation within the framework of the “single window” system, and also pays for services to state bodies in the prescribed manner;
15) ensure the safety and intended use of property transferred under the right of economic management;
16) carries out other types of activities provided for by the legislation of the Kyrgyz Republic.
17) the enterprise is not the owner of the property that is transferred to it on the basis of the right of economic management.
The enterprise uses the funds and property transferred to it for activities that do not contradict the legislation of the Kyrgyz Republic and are determined by this Charter.
3) Rights and obligations of the Enterprise
The enterprise for the implementation of the tasks and functions defined by this Charter has the right to:
1) submit proposals to the governing body on improving the implementation and promotion of the “Single Window” principle in the field of foreign trade;
2) submit proposals to the governing body on improving the regulatory legal acts of the Kyrgyz Republic in the field of foreign economic and foreign trade activities;
3) to interact with state and non-state bodies involved in the administration of foreign trade operations, individuals and legal entities;
4) request and receive information for accounting and registration of participants in foreign economic activity from the relevant state and non-state bodies, individuals and legal entities within the framework of the “single window” system;
5) conduct accounting and registration of data of participants in foreign economic activity in accordance with the established procedure;
6) within the framework of the “single window” system, receive, transfer and exchange relevant documentation from agencies/organizations involved in the “single window” system and applicants in order to issue permits for foreign economic activity;
7) provide information services through the electronic database of regulatory legal acts of the Kyrgyz Republic in the field of foreign trade and in other ways to participants in foreign economic activity, individuals and legal entities;
8) take measures to ensure the safety of state property, which is under the economic jurisdiction of the Enterprise;
9) in agreement with the managing body, in accordance with the established procedure, lease out real estate transferred to it on the basis of the right of economic management;
10) in agreement with the governing body, open representative offices and participate in the establishment of a legal entity (funds, associations (unions), non-profit and commercial organizations) on the territory of the Kyrgyz Republic and abroad in compliance with the requirements of the legislation of the Kyrgyz Republic and the legislation of foreign states at the location of representative offices , unless otherwise provided by international treaties;
11) possess separate property, acquire property and personal non-property rights on its own behalf, act as a plaintiff and defendant in courts of general jurisdiction;
12) determine the volume of work and services performed, based on the needs of participants in foreign economic activity, individuals and legal entities;
13) conclude contracts with legal entities and individuals in accordance with the goals and objectives of the Enterprise;
14) make non-cash and cash settlements with individuals and legal entities for the acquisition of material resources and other property in the prescribed manner;
15) in agreement with the governing body, create the relevant territorial services on the territory of the Kyrgyz Republic in accordance with this Charter;
16) use credit funds obtained on a commercial basis, both in national and foreign currency, from legal entities and individuals;
17) to approve prices for services rendered in accordance with the established procedure;
18) involve specialists for consultations, training of employees of the Enterprise and provision of other services on the basis of concluded civil law contracts;
19) send employees of the Enterprise to participate in conferences, seminars and other events, on business trips, including on the territory of foreign states;
20) carry out training of employees of the Enterprise in order to improve their skills at the expense of the Enterprise;
21) engage citizens to perform work at the Enterprise on the basis of labor agreements, fixed-term employment contracts, work contracts, other civil law contracts in accordance with the labor legislation of the Kyrgyz Republic;
22) act as an advertiser;
23) provide information, communication, statistical and advisory services on a paid and free basis;
24) The enterprise is not responsible for the obligations of the state and its bodies;
25) perform other activities that do not contradict the legislation of the Kyrgyz Republic.
The mode of work and rest time of employees of the Enterprise, their social security, social insurance are established in accordance with the labor legislation of the Kyrgyz Republic.
The enterprise provides its employees with benefits in accordance with the labor legislation of the Kyrgyz Republic.
The company is obliged:
1) ensure the most efficient performance of the tasks and functions assigned to it in accordance with the legislation of the Kyrgyz Republic and this Charter;
2) submit reports on the activities of the Enterprise to the managing body;
3) provide the managing body with information on monitoring the performance of the involved state bodies, individuals and legal entities and other information in accordance with this Charter;
4) determine in agreement with the management the governing body of the form and system of remuneration of workers and decide on the introduction of a summarized accounting of working hours;
5) fulfill their obligations in accordance with the legislation of the Kyrgyz Republic and concluded agreements;
6) provide social, medical and other types of compulsory insurance of the employees of the Enterprise, as well as safe working conditions and bear responsibility in the manner established by the legislation of the Kyrgyz Republic, for damage caused to the health and working capacity of the employees of the Enterprise;
7) submit reports of the Enterprise to tax and other authorities in a timely manner and pay taxes and other fees in the manner and in the amount determined by the legislation of the Kyrgyz Republic.
Employees of the Company are obliged to keep state, commercial, official and other secrets protected by law, including after the termination of work at the Company.
The enterprise is responsible for violation of contractual, credit, settlement, tax and other obligations in accordance with the legislation of the Kyrgyz Republic.
4) Competence of the governing body
The competence of the governing body includes:
1) preparation of proposals for amending the Articles of Association or for approving the Articles of Association in a new edition;
2) making proposals to the founder on the reorganization and liquidation of the Enterprise;
3) approval of the strategic development plan of the Enterprise;
4) approval of the draft annual budget of the Enterprise;
5) development and approval of sectoral performance indicators of the financial and economic activities of the Enterprise;
6) analysis and monitoring of the implementation of the strategic development plan of the Enterprise;
7) approval of qualification requirements for candidates for the position of director of the Enterprise;
8) coordination of participation (membership) of the Enterprise in the activities of funds, associations (unions) of non-profit organizations and (or) commercial legal entities;
9) solution of other issues referred to the competence of the managing body in accordance with the legislation of the Kyrgyz Republic and this Charter.
The Managing Authority has the right:
1) give instructions to the Company regarding issues of sectoral policy in supervised areas of activity;
2) request and receive from the Company information on its financial and economic activities, documents of financial (accounting) statements, as well as materials, data and explanations necessary for the analysis of financial and economic activities and the strategic development plan of the Enterprise;
3) visit the territory of the Enterprise to resolve issues within its competence;
4) hear the reports of the executive body;
5) make proposals to the Chairman of the Cabinet of Ministers of the Kyrgyz Republic on the dismissal of the director of the Enterprise from office, the application of incentive measures and disciplinary liability to him.
The managing body also has other rights in accordance with the legislation of the Kyrgyz Republic and this Charter.
The governing body must:
1) ensure the timely formation of the management bodies of the Enterprise;
2) ensure the initiation and promotion of draft decisions of the Cabinet of Ministers of the Kyrgyz Republic related to the activities of the Enterprise;
3) inform law enforcement agencies about the facts of violation by the managers and employees of the Enterprise of the legislation of the Kyrgyz Republic that have become known to him;
4) not to disclose to third parties information about the activities of the Company, which is a commercial or other secret protected by law.
The managing body also bears other obligations stipulated by the legislation of the Kyrgyz Republic and this Charter of the Enterprise.
5) Competence of the authorized body in the field of state property management
The competence of the authorized body in the field of state property management includes:
1) making proposals to the founder on the reorganization or liquidation of the Enterprise;
2) coordination of the structure and staffing of the Enterprise;
3) approval of the annual budget, a report on the results of the financial and economic activities of the Enterprise, the size of the part of the net profit to be transferred to the republican budget;
4) analysis and monitoring of the financial and economic activities of the Enterprise;
5) approval of key performance indicators of the head of the Enterprise and his deputy;
6) evaluation of the activities of the head of the Enterprise and his deputy;
7) approval of the procedure for paying remuneration to the head of the Enterprise and his deputy;
8) submission to the Chairman of the Cabinet of Ministers of the Kyrgyz Republic of submissions on the appointment and dismissal of the head of the Enterprise in agreement with the state governing body;
9) appointment and dismissal of the deputy head of the Enterprise on the proposal of the head of the Enterprise;
10) fulfillment of the rights and obligations of the employer in relation to the head of the Enterprise and his deputy;
11) conclusion of an employment contract with the head of the Enterprise and his deputy;
12) exercising control over the intended use and safety of the property belonging to the Company;
13) solution of other issues referred to the competence of the authorized body in the field of state property management in accordance with the legislation of the Kyrgyz Republic.
6) Enterprise Management
The Supervisory Board of the Enterprise (hereinafter referred to as the Supervisory Board) is the highest governing body exercising general control and strategic management of the activities of the Enterprise.
The Regulations on the Supervisory Board and its composition are approved by the Cabinet of Ministers of the Kyrgyz Republic.
The Director of the Enterprise is appointed to the position by the Chairman of the Cabinet of Ministers of the Kyrgyz Republic on the proposal of the authorized body in the field of state property management from among the candidates proposed by the managing body that meet the qualification requirements for the position of the head of the Enterprise.
The Director of the Enterprise is appointed for a period of three years and acts on the basis of this Charter and an employment contract concluded with the head of the authorized body in the field of state property management.
The Director of the Enterprise begins to perform official duties after the conclusion of an employment contract.
The Director of the Enterprise is dismissed by the Chairman of the Cabinet of Ministers of the Kyrgyz Republic on the proposal of the authorized body in the field of state property management, agreed with the managing body.
The Director of the Enterprise may be early dismissed from his position in the event of:
1) receiving an unsatisfactory assessment of activities and based on the results of consideration of the report on the results of the annual financial and economic activities of the Enterprise;
2) failure to meet key performance indicators;
3) non-fulfillment or improper fulfillment of obligations under an employment contract;
4) unskilled actions that led to a deterioration in the financial and economic performance of the Enterprise;
5) on other grounds provided for by the labor legislation of the Kyrgyz Republic.
The competence of the Director of the Enterprise includes:
1) management of the current financial and economic activities of the Enterprise;
2) implementation of the strategic development plan (business plan) of the Enterprise;
3) submission for approval to the authorized body in the field of state property management of the draft budget of the Enterprise for the coming year and the report on the implementation of the budget for the past year;
4) preparation and submission of quarterly and annual reports on the financial and economic activities of the Enterprise and the implementation of the strategic development plan;
5) organizing the implementation of decisions of the governing body on issues of sectoral policy;
6) introduction of the structure and staffing of the Enterprise for approval by the authorized body in the field of state property management;
7) approval, in agreement with the authorized body in the field of state property management, of the organizational structure and staffing of the Enterprise;
8) approval of the terms of employment and dismissal of employees, wage fund;
9) approval of key performance indicators of employees;
10) adoption of organizational and administrative documents of the Enterprise;
11) organization of accounting and statistical accounting;
12) determination of the procedure for bonus payment to employees of the Enterprise;
13) making decisions on other issues in accordance with this Charter.
The Director of the Enterprise has the right:
1) apply to the managing body and the authorized body in the field of state property management with proposals and recommendations on the issue
m, referred to their competence;
2) conclude civil law transactions in accordance with the goals and objectives of the Company, the Charter and the strategic plan for the development of the Company;
3) dispose of the property of the Enterprise in the manner prescribed by the legislation of the Kyrgyz Republic and this Charter;
4) to request and receive in accordance with the established procedure within the framework of the implementation of the goals and objectives of the Enterprise, the necessary information from state bodies, enterprises, institutions and organizations;
5) has other rights in accordance with the legislation of the Kyrgyz Republic and this Charter.
The Director of the Company is obliged:
1) submit, at the request of the managing body and the authorized body in the field of state property management, reports, information on the financial and economic activities of the Enterprise, financial (accounting) reporting documents, as well as materials, data, recommendations and explanations necessary for the analysis of financial and economic activities and a strategic plan for the development of the enterprise;
2) submit for consideration of the managing body issues that require a decision, as well as provide it with all the necessary information and documents related to any area of the Company’s activities;
3) ensure labor protection of employees of the Enterprise;
4) inform law enforcement agencies about the facts of violation by employees of the Enterprise of the legislation of the Kyrgyz Republic that have become known to him;
5) not to disclose to third parties information about the activities of the Company, which is a commercial or other secret protected by law;
6) provide, in accordance with the established procedure, at the request of authorized state bodies, information about the activities of the Enterprise.
The Director of the Enterprise also bears other duties stipulated by the legislation of the Kyrgyz Republic and this Charter.
Decisions of the Director of the Enterprise are made in the form of orders.
Enterprise Director:
1) acts without a power of attorney on behalf of the Company;
2) represents the interests of the Enterprise in state and local government bodies, enterprises and institutions of the Kyrgyz Republic;
3) carries out hiring and dismissal of employees of the Enterprise;
4) takes measures of encouragement and disciplinary action against the employees of the Enterprise;
5) issues, within the framework of its competence, orders binding on all employees of the Company, controls their implementation;
6) issues powers of attorney to employees of the Company;
7) manages the financial resources of the Enterprise, property and other assets within the powers provided for by the legislation of the Kyrgyz Republic and this Charter;
8) bears personal responsibility for the state of financial (accounting) statements, the intended use of financial resources, property and other assets of the Company, compliance with safety regulations at work;
9) exercise other powers in accordance with the legislation of the Kyrgyz Republic and this Charter.
The Director of the Enterprise is personally responsible for the proper performance of the assigned functional duties.
The Company has a position of Deputy Director. The Deputy Director of the Enterprise is appointed and dismissed by the authorized body in the field of state property management on the proposal of the Director of the Enterprise.
In case of early dismissal of the director of the Company from his position, the execution of his duties until the moment of filling the vacant position in accordance with the legislation of the Kyrgyz Republic is assigned to the deputy director.
The Chief Accountant of the Enterprise is appointed and dismissed by the director of the Enterprise, reports directly to the director, bears responsibility and enjoys the rights established by the legislation of the Kyrgyz Republic.
The authorized body in the field of state property management has the right to make, in the prescribed manner, a decision on the establishment of an internal audit service at the Enterprise, as well as other rights provided for by the legislation of the Kyrgyz Republic and this Charter.
Employees of the Enterprise are appointed and dismissed by the director in accordance with the labor legislation of the Kyrgyz Republic.
7) Management of the Enterprise
Persons related to the management of the Company are:
– director, deputy director;
– Chief Accountant.
Persons belonging to the management of the Enterprise, in the exercise of their rights and performance of duties, must act in the interests of the state in accordance with the statutory goals and objectives of the Enterprise.
Persons belonging to the management team are obliged to maintain the confidentiality of information about the activities of the Company, which is a state, commercial or other secret protected by law.
Persons related to the management of the Enterprise cannot be:
1) foreign citizens, stateless persons, persons with dual citizenship, as well as citizens of the Kyrgyz Republic who have a residence permit in a foreign state;
2) persons who have a criminal record for crimes against property and the procedure for carrying out economic activities, corruption and other crimes against the interests of the state and municipal service, including those that have been cancelled;
3) persons previously dismissed from the position of the head of the organization for unsatisfactory work;
4) persons who previously held managerial positions in an economic entity, regardless of the form of ownership, which led to its bankruptcy;
5) persons holding state administrative, political, special positions, political and administrative municipal positions.
Persons belonging to the management staff of the Enterprise, while in office, are not entitled to simultaneously engage in entrepreneurial activities personally or through authorized persons, participate in the management of commercial legal entities, regardless of their organizational and legal forms and forms of ownership.
8) Accounting, planning, reporting
The enterprise operates on the basis of a strategic development plan approved by the governing body for a three-year period and developed on its basis by the annual budget.
The Company’s work plans are based on long-term and other contracts regulating the Company’s relations with suppliers, tenants and consumers.
The enterprise is free to choose the subject of the contract, determine obligations, any other conditions of economic relations that do not contradict the civil legislation of the Kyrgyz Republic.
The enterprise maintains accounting records and prepares financial statements in accordance with the legislation of the Kyrgyz Republic on accounting. The Company’s financial statements must be prepared on a quarterly basis and at the end of each financial year.
The enterprise quarterly, until the 25th day of the second month following the reporting period, submits reports on the progress of budget execution and the results of financial and economic activities:
1) internal auditor (internal audit service, if any);
2) managing body;
3) to the authorized body in the field of state property management.
The enterprise carries out financial and economic activities in accordance with the strategic development plan and the annual budget developed on its basis.
The strategic development plan of the Enterprise should contain:
1) formulation of the goals and main activities of the Enterprise;
2) description of the industry and the market, characteristics of goods (works, services) produced by the Enterprise;
3) justification of the need for the presence of the state in the market of goods (works, services) produced by the Enterprise;
4) assessment of the financial and property status of the Enterprise;
5) plan for the production of goods (works, services);
6) organizational plan;
7) financial plan;
8) risk analysis.
The Director of the Enterprise annually, before March 1, submits to the authorized body in the field of state property management a draft budget of the Enterprise for the coming year and a report on the results of financial and economic activities, including the execution of the budget of the Enterprise for the past year, agreed with the managing body.
The enterprise submits to the competent state bodies the information necessary for taxation and the organization of the maintenance of a nationwide system for collecting and processing economic information.
For the refusal to provide the requested information in the manner prescribed by the legislation of the Kyrgyz Republic in the field of access to information, the provision of incomplete information or its distortion, as well as for the distortion of reporting, the Director of the Enterprise bears personal responsibility in accordance with the legislation of the Kyrgyz Republic.
Checking the work of the Enterprise is carried out in accordance with the established procedure by the relevant state bodies of the Kyrgyz Republic within their competence.
9) Property of the Enterprise
The property of the Company consists of fixed assets and working capital, as well as other material assets, the value of which is reflected in the independent balance sheet of the Company.
The sources of formation of the property of the Enterprise are:
1) property transferred to him on the right of economic management;
2) income received from economic activity;
3) income received from the performance of works and services on the basis of contracts with individuals and legal entities, including foreign ones;
4) state budget funds;
5) budget loans;
6) grants, loans from banks and other institutions;
7) voluntary contributions of legal entities and individuals;
8) other sources that do not contradict the legislation of the Kyrgyz Republic.
Property newly created, received or acquired by the Enterprise at the expense of income from its own financial and economic activities or other sources that do not contradict the legislation of the Kyrgyz Republic is state property. The enterprise, in accordance with the procedure established by the civil legislation of the Kyrgyz Republic, exercises the rights of possession, use and disposal (lease) of property in accordance with the statutory goals and subject of activity.
Withdrawal from the Enterprise of its fixed assets, working capital and used property is allowed by decision of the founder or court.
The enterprise is obliged to conduct an inventory of its property and submit the results of the inventory within the time and manner established by the authorized body in the field of state property management.
The property and profits of the Enterprise are state property.
The basis for the use of property by the Enterprise is the right of economic management of real estate, fixed assets and other property that is state property and transferred to the balance of the Enterprise, in compliance with the rules and procedures provided for by the civil legislation of the Kyrgyz Republic.
An enterprise is not entitled to sell real estate belonging to it under the right of economic management, lease it out, make a contribution (share) to the authorized capital of business companies and partnerships, or otherwise dispose of this property without the consent of the owner.
The rest of the property owned by the Enterprise on the right of economic management, it manages independently, except for cases established by the legislation of the Kyrgyz Republic and this Charter.
Based on the results of financial and economic activities, the enterprise transfers to the settlement account of the authorized state body in the field of state property management the amount of profit approved by it, but not less than 50 percent, with subsequent transfer to the republican budget before April 1 of the year following the reporting period.
The Enterprise creates a fund for the development of the “single window” system, which is formed from the net profit and grant funds of the Enterprise.
The amount of deductions of funds from the Single Window System Development Fund is established by the Supervisory Board.
The funds of the Single Window System Development Fund are accumulated on a separately opened bank account and directed by the decision of the Supervisory Board for the following purposes:
1) development of the infrastructure of the information system “single window”;
2) improvement and modernization of technologies, material and technical means for the effective implementation of the “single window” information system;
3) providing and equipping with modern technology in order to develop foreign economic activity within the framework of the “single window” system;
4) incentives and bonuses for individual distinguished employees of the Enterprise.
10) Reorganization and liquidation of the Enterprise
The reorganization of the Enterprise is carried out in the form of a merger, accession, division, separation or transformation.
The decision on the reorganization of the Enterprise in the form of a merger, accession, division or spin-off is taken by the Cabinet of Ministers of the Kyrgyz Republic at the proposal of the state governing body or the authorized body in the field of state property management.
An enterprise can be transformed into a state institution or a business entity.
The decision to transform an Enterprise that is not a strategic object of the Kyrgyz Republic into a business entity is made by the Cabinet of Ministers of the Kyrgyz Republic.
The economic company created as a result of the transformation of the Enterprise is its legal successor in terms of all rights and obligations, including in the field of labor relations.
The company is liquidated:
1) at the initiative of the state governing body or the authorized body in the field of state property management;
2) on the basis of a court decision.
To carry out the liquidation of the Enterprise by the decision of the authorized body in the field of state property management, a liquidation commission is created from among the representatives of the liquidated Enterprise, the managing body, the authorized body in the field of state property management and, if necessary, other state bodies. The liquidation commission is headed by the head of the liquidated Enterprise.
From the moment of appointment of the liquidation commission, it acquires the authority to manage the affairs of the Enterprise and dispose of its property.
If the value of the property of the liquidated Enterprise, based on the right of economic management, is insufficient to satisfy the claims of creditors, it can be liquidated only in the manner prescribed by the legislation of the Kyrgyz Republic on bankruptcy.