DUSHANBE, January 9, 2012, Asia-Plus  -- The board (Shuro) of Tajikistan’s lower chamber (Majlisi Namoyandagon) of parliament considered a bill requiring amendments to the country’s law on liquidation of credit organizations at a January 9 meeting, presided over by Amirsho Miraliyev, the first deputy chairman if the Majlisi Namoyandagon.

Muhammadato Sultonov, a spokesman for the Majlisi Namoyandagon, said that the board also considered the government-to-government agreement between Tajikistan and the State of Qatar on the avoidance of double taxation.

The next sitting of the third session of the Majlisi Namoyandagon of the fourth convocation will take place on January 11, Sultonov said.

We will recall that the Majlisi Namoyandagon passed the law on liquidation of credit organizations on January 20, 2011.  The law was reportedly worked out by the National Bank of Tajikistan (NBT) with support from international organizations.

According to Tajik central bank, the law on liquidation of credit organization was worked out because the mechanism of liquidation of credit organizations must differ from the mechanism of liquidation of other joint-stock companies.  Financial institutions include not only funds of shareholders but also funds of depositors, and therefore, the mechanism of liquidation of them should differ from the mechanism for liquidation of others joint-stock companies.