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Official News

Thursday, 18 February 2010

Means of transportation-related property and collateral rights to be registered

Chaired by Prime Minister Tigran Sargsyan, the Cabinet met in a planned session at the Office of Government.

The decisions passed at the session initiated the introduction of the institute of mandatory registration of property and collateral rights concerning transportation means. The proposed legislative changes streamline the process of registration of means of transportation-related property and collateral rights, the consequences of non-registration of such rights, other relations concerning such registration. Considering that under current laws, any change in property rights is subject to mandatory registration (re-registration), the registration of such property rights will not bring about additional obligations for new owners. Prime Minister Tigran Sargsyan pointed out that the passage of said decisions follows up on a presidential assignment. Therefore, the package needs to be finalized and submitted to the National Assembly as soon as possible.

The government made changes and amendments to a previous decision with a view to simplifying the procedure to follow in getting driver’s licenses. In particular, those licenses received before February 21, 1992 in former SU States can be exchanged without taking a qualification test.

This rule shall be applicable to such persons as are Armenian nationals and work at foreign diplomatic missions and international organizations operating in Armenia. The new decision cancels the requirement of driving test papers and specifies simpler rules for taking driving tests. A longer 5-year period is established for keeping of such papers as are needed for the delivery of driver’s licenses.

In line with RA legislation, the government called back AMD 779.385.686 worth of assets from RA Police inventory (inclusive of traffic signs and lights posted in Yerevan) and handed them over to Lusanshan SNCO. This measure seeks to provide for better and operative use and maintenance of said property.

The Government approved a number of legislative initiatives to be submitted to the National Assembly in due course.

The executive approved the procedure to follow in selecting, appointing and supervising the activities of tax inspectorate representatives. The head of RA State Revenue Committee was told to prepare those taxpayer registers needed for such selection and appointment and submit them to the government before the deadline of March 1, 2010.

The Government further approved the results of the tender announced for the Asian Development Bank-supported improvement of water supply and drainage systems in Udjan, Aragatsoten, Nor Yedesia, Kosh, Dprevank, Shamiram and Nor Amanos village communities, according to which the consortium of Ashotsk Ltd and Kapavor Ltd is recognized to be the winner of the tender.

During the sitting, the Government adopted a total of thirty decisions.

October 2022