12.04.2006, 15:07 6418

Share and housing construction bill to be introduced to parliament till October 1, 2006

Share and housing construction bill to be introduced to parliament till October 1, 2006

Astana. April 12. Kazakhstan Today - Share and housing construction bill will be introduced to the Parliament till October 1, 2006. The Minister of Industry and Trade Vladimir Shkolnik informed the deputies during the plenary session of Majilis of Parliament of Kazakhstan, the correspondent of agency transfers.

V. Shkolnik reminded that according to PM’s decree the working group engaged in development of the corresponding bill was created on March 10, 2006. The structure of the working group, besides representatives of state bodies and the deputy corps, includes the representatives of association of builders and public association "League of consumers of Kazakhstan".

"They will prepare the bill defining the regulation object, basic concepts, mechanisms of participation in share construction, terms of transfer of object of share construction, and quality guarantee of a construction object," the Industry Minister noted.

V. Shkolnik noted that the bill stipulates amendments and changes to the law of Kazakhstan "On state regulation of the rights to real estate and transactions", "On mortgage", in Administrative and Criminal codes. “We hope that ratification of this bill will allow protecting the rights of the shareholders to the full extent," he concluded.

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