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 11.12.2002

Federal Law No. 164-FZ of December 9, 2002 on the Amendment to Article 17 of the Federal Law on the Licensing of Individual Types of Activities

The list of the types of activities requiring licenses does not include now the sale of oil, gas and products of their processing.
The Federal Law is entered into force from the day of its official publication.

Federal Law No. 163-FZ of December 9, 2002 on the Ratification of the Treaty between the Russian Federation and the Republic of India on the Legal Aid and Legal Relations in Civil and Trade Matters

Ratifies the Treaty singed in New Delhi on October 3, 2000.

Federal Law No. 162-FZ of December 9, 2002 on the Amendments to Articles 5 and 20 of the Federal Law on the Protection of the Rights and Legal Interests of Investors at Securities Market

Article 5 now does not include Item 4 which, according to Item 3 of Article 20 of the Law, was of temporary nature and preserved its force before entry into force of the appropriate amendment to the Federal Law on joint-stock companies. The Federal Law No. 120-FZ of August 7, 2001 introduced appropriate amendments protecting the interests of stock-holders against dilution of shareholding in the registered capital. It specified in particular that the decision on the deployment of stocks and securities converted into stocks by closed subscription may be taken only by the general meeting of stock-holders by three fourths of votes of the holders of voting stocks taking part in the general meeting of stock-holders, if the need to collect more votes is not envisaged in the company charter. The mentioned norm supersedes the appropriate omitted provision of Item 4 of Article 5 of the Law.
Also excluded is the norm permitting to pay for the securities at investor disposal with monetary resources if the decision on the deployment by open subscription of stocks and securities converted into stocks envisages payment for them with non-monetary resources. According to the Law on joint-stock companies, the right to pay for the securities with money applies only to stock-holders possessing the priority right for the purchase of securities in the open or closed subscription.
The Federal Law is entered into force from the day of its official publication.

Order of the Ministry of Agriculture of the Russian Federation No. 681 of September 3, 2002 on the Endorsement of the Plant Quarantine Rules at Import, Storage, Transportation, Processing and Use of Grain and Products of Its Processing Imported to the Territory of the Russian Federation for Food-Supply, Fodder-Supply and Technical Purposes

The rules apply to organizations, independent entrepreneurs and citizens importing, storing, transporting, processing and using the grain and products of its processing imported for food-supply, fodder-supply and technical purposes.
The import is permitted on the basis of import quarantine permissions issued by the State Plant Quarantine Inspection of the Ministry of Agriculture of the Russian Federation indicating the phyto-sanitary conditions of their import and use. Application for the issue of the permission must indicate the type and quantity of the products, destination, country of origin, country of export, time (period) of import, name of the transfer points.
Each consignment of imported grain and products of its processing must be accompanied by the phyto-sanitary certificate confirming its compliance with the requirements of the plant quarantine rules and norms.
The Order lists quarantine phyto-sanitary requirements to organizations, independent entrepreneurs and citizens engaged in storage and processing of grain and products of its processing.
Registered in the Ministry of Justice of the Russian Federation on December 9, 2002. Reg. No. 4008.

Order of the State Messenger Service of the Russian Federation No. 353 of November 20, 2002 on the Publication of the Acts of the State Messenger Service of the Russian Federation Recognised by the Ministry of Justice of the Russian Federation As Not Needing the State Registration

The normative acts of the State Messenger Service of the Russian Federation (signed by the director or the person replacing him) recognised by the Ministry of Justice of the Russian Federation as not needing the state registration must be published in the "Shchit I Mech" newspaper of the federal state institution "Joint Editorial Board of the Ministry of Internal Affairs of the Russian Federation".
Registered in the Ministry of Justice of the Russian Federation on December 6, 2002. Reg. No. 4000.

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