Windfall tax for major companies to be introduced in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 19.02.2004

Decision of the Government of the Russian Federation No. 89 of February 17, 2004 on the Endorsement of the Fundamentals of Price Forming in the Sphere of Housing and Communal Services

Defines the main principles and methods of price forming for the services in the maintenance and repair of dwelling space, dwelling space leasing and tariff rates for communal services, as well as the rules of regulation and application of these prices and tariff rates.

Regulation applies to the prices for the dwelling space (including the prices for the services in the maintenance, repair of the housing space and leasing) and the tariff rates for communal services (including tariff rates for the services in water supplies, water disposal, central heating, hot water supplies, electric power supplies, supplies of solid fuels, services in network and liquefied gas supplies, gas supplies in flasks).

To fix the prices and tariff rates, the method of economic substantiation is used. In addition, there is a method of indexing that changes the prices and tariff rates fixed using the method of substantiation with deflator indexes fixed by the Ministry of Economic Development of Russia.

It is not permitted to apply within one estimated period of regulation different methods of fixing of prices and tariff rates for organisations engaged in the same regulated types of activities.

Control over application of prices and tariff rates, including the substantiation of their amount, is vested in the bodies in charge of the regulation.

Order of the Ministry of Finance of the Russian Federation No. 13n of January 28, 2004 on the Endorsement of the Procedure of Disclosing of Information on the Structure and Composition of Stock-Holders (Participants) of a Specialised Depositary and Management Companies

Specialised depositary and management companies must submit on the annual basis no later than July 1 of the year following the reported one information according to the attached form on the structure and composition of stock-holders (participants) with the share in the registered capital of the specialised depositary or management company being at least 1 percent. The Ministry of Finance of Russia shall provide for the disclosing of provided information on the Internet site of the Ministry of Finance of Russia.

Registered in the Ministry of Justice of the Russian Federation on February 17, 2004. Reg. No. 5561.

Instruction of the Central Bank of Russia No. 109-I of January 14, 2004 on the Procedure of Adoption by the Bank of Russia of the Decision on the State Registration of Credit Organisations and Issue of Licenses for Bank Operations

Specifies the particulars of the procedure of adoption by the Bank of Russia of the decision on the state registration of credit organisations and issue of licenses for bank operations.

The credit organisation may be created on the basis of any property form as an economic company (joint-stock company, limited-liability or additional-responsibility company). The founders of the credit organisation must pay 100% of the declared registered capital of the credit organisation specified in the charter of the credit organisation within one month from the day of receiving of the notification of the state registration. For the opening of the branch, the credit organisation pays the fee of 100 minimum amounts of labour remuneration as of the moment of issue of the notification of the Bank of Russia of the opening of the branch of the credit organisation.

The Instruction applies to legal relations in the sphere of state registration of credit organisations and issue of licenses for bank operations if by the day of its entry into force, the Bank of Russia did not take decisions envisaged in the Instruction as a result of consideration of the documents submitted by credit organisations and/or other entities.

The Instruction is entered into force 10 days after the moment of its publication in the Herald of the Bank of Russia.

Registered in the Ministry of Justice of the Russian Federation on February 13, 2004. Reg. No. 5551.

Decision of the Ministry of Labour of the Russian Federation and the Ministry of Finance of the Russian Federation No. 1/1n of January 12, 2004 on the Endorsement of the Procedure of Calculation and Confirmation of the Length of State Service Permitting to Get the Length-of-Service Pension of the Federal State Servants and Determination of the Compliance of Positions with the Periods of Service (Work) in Them Included in the Length of State Service

The endorsed procedure regulates the issues of calculation of the length of state service permitting to get the length-of-service pension of the federal state servants, confirmation of this length of service, determination of compliance of positions, inclusion in the length of state service permitting to assign the length-of-service pension.

Registered in the Ministry of Justice of the Russian Federation on February 13, 2004. Reg. No. 5549.

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