Monitoring of the Federal Legislation dated 8.04.2004

Federal Law No. 17-FZ of April 6, 2004 on the Amendment to Article 42 of the Federal Law on Joint-Stock Companies

Refines the notion of "net profit" used to pay out the dividends. Specifies that the source of the dividends is the company profit after taxation (company net profit). Company net profit is determined from the company accounting reports. Dividends for preferred stocks of certain types may also be paid out at the expense of the earlier built for these purposes special company funds.

The Federal Law is entered into force from July 1, 2004.

Decree of the President of the Russian Federation No. 490 of April 6, 2004 on the Endorsement of the Regulation on the Administration of the President of the Russian Federation

The Administration of the President of the Russian Federation is a state body providing for the activities of the President of the Russian Federation and ensuring control over execution of his decisions. The Decree defines the composition of the Administration, its subordination, goals of activities, functions and sphere of reference.

The Decree is entered into force from the day of its signing.

Decision of the Social Insurance Fund of the Russian Federation No. 22 of March 9, 2004 on the Endorsement of the Instruction on the Procedure of Registration and Spending of Resources of Obligatory Social Insurance

Defines the procedure of spending and registration of resources of obligatory social insurance built at the expense of the uniform social tax, uniform agricultural tax, uniform imputed income tax for individual types of activities, uniform tax paid by organisations and independent entrepreneurs using the simplified system of taxation transferred to the Fund, as well as insurance contributions paid out on the voluntary basis and other resources.

Registered in the Ministry of Justice of the Russian Federation on April 2, 2004. Reg. No. 5710.

Decision of the Social Insurance Fund of the Russian Federation No. 24 of March 17, 2004 on the Endorsement of the Methodology Directions on the Procedure of Assigning, Carrying out of the Documentary On-Site Checks of Insurants under Obligatory Social Insurance and Taking Measures upon Them

Defines uniform requirements to the assigning, carrying out by the divisions of the Social Insurance Fund of Russia and their branches of the documentary on-site checks of insurants under obligatory social insurance paying the uniform social tax, employer insurants using special tax regimes, including those paying on the voluntary basis insurance contributions to the Fund for obligatory social insurance of employees in cases of temporary disability, to the drawing up and the form of the acts of checks, as well as to the procedure of taking decisions upon consideration of the materials of the checks.

The criteria for the choice of insurants for the checks are the periods of carried out checks (at least once a year), significant expenses of the insurant under obligatory social insurance in the checked period, as well as significant amounts received from the Fund division (branch) in compensation of expenses in obligatory social insurance.

The duration of the check is calculated in calendar days and may not be greater than two months. When checking insurant organisations with branches and representations, the time of the check is increased by not more than one month for each branch and representation.

Registered in the Ministry of Justice of the Russian Federation on April 2, 2004. Reg. No. 5709.

Order of the Ministry of Internal Affairs of the Russian Federation No. 104 of February 19, 2004 on the Organisation of Work of the Bodies of Internal Affairs of the Russian Federation When Considering the Issues of Citizenship of the Russian Federation

Defines the procedure of consideration by the bodies of internal affairs of applications and the procedure of drawing up of materials pertaining to the citizenship of the Russian Federation. The functions of the drawing up of materials pertaining to the citizenship are vested in the divisions of the passport and visa service of the bodies of internal affairs. Applications pertaining to the citizenship of the Russian Federation and the documents necessary for obtaining the citizenship or expatriation from the Russian Federation are submitted to the departments of internal affairs of the region, city, city region or other municipal formation, departments of internal affairs in closed administrative territorial formations, at the special and regime objects.

Registered in the Ministry of Justice of the Russian Federation on April 2, 2004. Reg. No. 5707.

Order of the Ministry of Taxation of the Russian Federation No. SAE-3-09/255 of April 2, 2004 on the Endorsement of the Recommended Forms of Reports Used to Register Information on Legal Entities and Natural Persons

In view of the simplification of the procedures of state registration of legal entities and independent entrepreneurs, endorses the recommended forms of reports used to register information on these persons: No. S-09-1 "Report of the Opening (Closing) of the Account", No. S-09-2 "Report of Participation in the Russian and Foreign Organisations", No. S-09-3 "Report of Creation of a Separate Division Located on the Territory of the Russian Federation" and No. S-09-4 "Report of Reorganisation of the Legal Entity".