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The central bank issues executive instructions for the decision of the Council of Ministers on the payment of the price of real estate and vehicles sold

2020-02-04T18:07:15.345Z


Damascus-SANA The Central Bank of Syria today issued executive instructions for the decision of the Council of Ministers regarding the payment of the price of


Damascus-Sana

Today, the Central Bank of Syria issued executive instructions for the cabinet decision regarding the payment of the price of real estate and vehicles sold, or part of it, in bank accounts.

The instructions of the Central, which Sana received a copy of, indicated that public authorities legally authorized to keep records of ownership of real estate and vehicles of all kinds or document contracts related to them must attach a document issued by one of the banks operating in Syria that feels the payment of the agreed price or part of it in the bank account of the owner or his general successor or Private or his legal representative.

The executive instructions stipulate that the bank notification document must include the name of the account holder, i.e. the seller, the amount of the amount paid by transfer exclusively between the bank accounts of the buyer and the seller, or whoever is on their behalf, and that it includes all the data of the bank transfer according to the established procedures, especially the justification of the banking process according to the request Dealers and their declaration.

The instructions indicate that the bank notification document accompanying the transfer of ownership contract or with the judicial agency is not considered a basis for changing the legal positions of the parties to the contract and is not per se as proof of ownership while the price or a part of it may be transferred in the previously opened bank accounts in the name of the owner and the use of the open account is not limited On the purpose related to the provisions of the Cabinet’s decision, unless the account holder agreed with the bank otherwise.

The instructions confirm that operating banks should simplify the procedures followed when opening bank accounts and limit themselves to requesting basic documents.

Wasim Adawi

Source: sena

All business articles on 2020-02-04

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