Monitoring of the Federal Legislation dated 24.07.2002

Decision of the Government of the Russian Federation No. 549 of July 22, 2002 on the Endorsement of the Regulations on the Organization of Sale of State or Municipal Property through Public Tenders without Price Quoting

Organization of sale of the property is vested in the Russian Federal Property Fund or other specialized state institutions entitled for this. The mentioned sellers shall organize accepting of applications according to the endorsed form. The Decision lists obligatory requisites of the application. After full payment, the sellers hand over the property to the buyer and provide documentation necessary for the state registration of the purchase-and-sale deal and transfer of the property right.

Decision of the Government of the Russian Federation No. 548 of July 22, 2002 on the Licensing of Activities in Production of Tobacco Items

Defines the procedure of licensing of activities in production of tobacco items carried out by legal entities and independent entrepreneurs. The licensing is vested in the Ministry of Taxation of the Russian Federation. The license is issued for 5 years.

Decision of the Government of the Russian Federation No. 546 of July 22, 2002 on the Endorsement of the Regulation on the Licensing of Activities of Non-State Pension Funds

The licensing applies to the activities of non-state pension funds including accumulation of pension contributions, placing of pension reserves, registration of pension obligations of the funds and paying out of non-state pensions to fund participants. The licensing is vested in the Ministry of Labour of the Russian Federation. The issued license is unlimited. If the license holder has separately located divisions and objects used for the licensed type of activities, certified copies of licenses according to the number of such divisions and objects are issued together with the license.

Decision of the Federal Commission for Securities Market No. 16/ps of April 30, 2002 on the Issue of Stocks and Bonds Converted into Stocks

Endorses the standards of issue of additional stocks, stocks placed through conversion, bonds converted into additional stocks and their emission prospectuses. According to the Standards, the placing of the stocks may be arranged by way of distribution of additional stocks among stock-holders of the joint-stock company, as well as by way of subscription or conversion.
The placing of the bonds maybe only be by way of subscription.
Registered in the Ministry of Justice of the Russian Federation on July 19, 2002. Reg. No. 3600.

Regulation of the Central Bank of Russia and the State Customs Committee of the Russian Federation Nos. 189-P, 01-100/4 of June 26, 2002 on the Amendments to the Instruction of the Bank of Russia and the State Customs Committee of Russia No. 91-I and 01-11/28644 of October 4, 2000 (Respectively) on the Procedure of Carrying Out of the Currency Control over the Reasonableness of Payment for Imported Commodities by Residents

The amendments are introduced pursuant to the changing of the procedure of the customs registration of commodities imported to the Russian Federation and originating in the CIS member-states. In particular, the Regulation omits the item specifying the particulars of the customs registration of commodities imported from CIS. The given measure is aimed at the implementation of the principle of collection of indirect taxes in the mutual trade with the CIS countries "according to the country of origin".
The Regulation is entered into force from the day of publication in the Herald of the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation on July 19, 2002. Reg. No. 3599.

Order of the State Construction Committee of the Russian Federation No. 88 of May 24, 2002 on the Organization of Work in Professional Retraining, Professional Development and Professional Certification of Personnel

Specifies the reasons for arranging the checks of information on the qualification, professional development and qualification certification of the workers of a legal entity and independent entrepreneurs of the design and construction sphere according to the types of activities subject to licensing by the State Construction Committee of the Russian Federation. Professional development measures must be carried out at least once in five years during the whole period of work.
Registered in the Ministry of Justice of the Russian Federation on July 19, 2002. Reg. No. 3595.