Microsoft Word Microfinance development in Uzbekistan Eng doc

III. REGISTRATION FEE 
6. For registration of the micro-credit organization a fee at the rate of one minimal 
wage set by legislation is collected on the day on which the application is submitted.
The sum of fee for consideration of the application is deposited to a special account 
of the Central Bank.
7. In case of the applicant’s repudiation from the submitted application during the 
period of considering his documents, the sum of the paid fee shall not be refunded.
8. In case of refusal to register the micro-credit organization the Central Bank refunds 
the paid registration fee within three days.
IV. PROCEDURE OF REGISTERING THE ACTIVITY OF MICRO-CREDIT 
ORGANIZATION 
 
9. The Central Bank deals with an application together with all necessary documents 
for registration within 15 days from the day on which the application and necessary 
documents are submitted.
10. The notification on registration is given to the applicant in a written form within 3 
days after adopting the relevant decision.
11. The document certifying the registration and the right to exercise the micro-
financing activity is the certificate on registering the micro-credit organization in a form 
conforming with the Appendix to this Statute.
12. The Central Bank formalizes a legal case that includes the following documents:
the application (petition) for registration; 
the protocol of the founders’ general meeting; 

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the statute of the micro-credit organization whose title-page bears the note of 
registration signed by an authorized official from the Central Bank and attested by the seal of 
Central Bank.
13. The legal case is executed by the Central Bank in three copies: 
one copy is handed over to a Head of the micro-credit organization; 
one copy is kept at the Central Bank; 
one copy is sent to the Main territorial branch of the Central Bank located in the 
vicinity of the micro-credit organization.