Microsoft Word Microfinance development in Uzbekistan Eng doc

V. REFUSAL TO REGISTER THE MICROCREDIT ORGANIZATION 
14. The Central Bank of the Republic of Uzbekistan may refuse to register the micro-
credit organization in the following cases: 
non-submission of the complete list of documents necessary for registration of the 
micro-credit organization;
unconformity of the statute and other submitted documents to legislation; 
presence of false or fraudulent information in documents submitted for registration.
15. Notification on refusal to register is given to the applicant within three days in a 
written form with indication of reasons for refusal and data, during which the applicant, 
having eliminated the said causes, may submit the documents for review.
16. The decision to refuse the registration of the micro-credit organization may be 
appealed to the Court.
17. The Central Bank reviews the documents within five days from the day of 
receiving from the applicant all necessary documents.
VI. ANNULLMENT OF THE CERTIFICATE OF REGISTRATION 
18. The certificate of registration of the micro-credit organizations is annulled in the 
following cases: 
request of the micro-credit organization to annul the certificate of registration;
termination of the micro-credit organization; 
reorganization of the micro-credit organization; 
breaches by the micro-credit organization of the requirements and terms envisaged by 
the current legislation, specifically:
insolvency of the micro-credit organization, i.e. incapacity to discharge the 
obligations before depositors and other creditors; 
regular distortion of the return;
establishing inauthentic information on the basis of which registration was made.
The certificate of registration may be annulled by the Court ruling.

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VII. MAINTAINING THE REGISTER OF MICRO-CREDIT ORGANIZATIONS 
19. The Central Bank maintains the register of micro-credit organizations, in which 
the following should be indicated: 
the name of the micro-credit organization and its location (postal address), main 
information about the organization (full name of the head and the chief accountant, telephone 
number, bank account and other.);
the date of registration; 
the reason and date of annulling the certificate validity;
the identification number of the tax payer; 
other information.

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Appendix
to the Statute on the procedure of issuance of the certificate of registration for 
the activity of micro-organizations without the right of attracting deposits from the 
population and non-commercial micro-credit organizations