Sunday, November 27, 2011

Laws governing the payment of insurance premiums is not relevant

Banks must closely monitor the business, people's deputies and decided to develop a new draft law to strengthen payment discipline in the payment of contributions to social insurance funds. The bill provides that banks will accept an order for payment of salaries and give money only on condition of simultaneous presentation of documents on payment of the amounts of insurance premiums. In case of failure to do so, the banks at their own expense should pay money to the funds. The banks will be financially liable to the fund for the late receipt of money. Experts on banking law surprised. They say that already has a law providing for supervision of banks for the contributions. "The bill is no longer relevant. All those rules, which required changes to the bill, have already been excluded in connection with the adoption of law on a single contribution. This law envisages the obligation of banks when receiving money orders or checks at a cash advance for the payment of salaries to verify the payment of the fee "- said Sergey Vasilishin, a partner at the law firm.

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