Acceptance of assets

3. Assets returned to state ownership in accordance with the procedure and on the grounds provided for in Chapter 4 of the Law, with the exception of assets in monetary form, shall become part of the property of the management company.

4. Assets returned in cash shall be credited directly to the Special State Fund.

5. Assets are transferred to the management company without increasing its authorized capital.

6. For the purposes of asset management, the management company shall formalize ownership of assets in accordance with the requirements of the legislation of the Republic of Kazakhstan.

7. The assets are accepted by the commission.

8. The composition and functions of the Commission shall be approved by the executive body of the management company.

9. The tasks of the commission are to determine the existence and condition of the asset, examine the title and identification documents to the asset, carry out the acceptance of the asset, determine the method of disposal of the asset, and the need to engage the services of experts and consultants.

10. If necessary (due to the complexity of the asset, limited time and labor resources, and other circumstances related to the specifics of the asset), the management company engages experts and (or) consultants to confirm the rights to the asset, the existence and condition of the asset, determine the technological integrity and technical condition, and establish other information about the asset.

11. In case of discrepancy between the characteristics of the declared condition of the asset and its actual condition, as well as other defects (obvious defects) that may be identified during the initial inspection of the asset, the commission shall draw up an act of non-conformity of the accepted asset in a free form, which shall be sent to the authorized body for the return of assets.

12. In the event of loss of the asset and (or) the absence of identification documents establishing title to it, as well as other grounds established by the commission that prevent the management company from accepting the asset into its ownership, the management company shall send the relevant conclusion on the refusal to accept the asset to the authorized body for the return of assets. The conclusion on the refusal shall be drawn up in a free form.

13. After the asset is accepted as part of the property of the management company, in accordance with the Law, measures are taken to minimize the risks of loss (destruction, theft, damage, spoilage) and optimize costs due to various negative external factors and costs, which include, but are not limited to:

1) involving organizations providing security services;

2) concluding contracts with utilities and other service providers;

3) if necessary, insurance of property against the risk of loss (damage, theft, damage, spoilage) due to various negative external factors;

4) is not limited to taking measures to provide technical maintenance to infrastructure facilities;

5) before making a decision on the method of asset management, the management company shall involve experts, take all necessary measures, and also conclude or renegotiate agreements with counterparties working to ensure the uninterrupted operation and (or) service of the asset, maintenance, use and storage of the assets.