Monitoring of the Federal Legislation dated 5.09.2003

Order of the State Customs Committee of the Russian Federation No. 375-r of July 11, 2003 on the Exemption from VAT of the Import to the Territory of the Russian Federation of Technological Equipment, Component and Spare Parts for It As a Contribution to the Registered (Shared) Capitals of Organisations

VAT is not collected when importing technological equipment, component and spare parts for it under the condition that the amount of the registered (shared) capital of the organisation is not greater than Rbl 1.5 million.
VAT is not collected also in the presence of the statement of the State Customs Committee of the Russian Federation confirming opportunities of application of exemption from VAT to the import to the Russian Federation of the given commodities as a contribution to the registered (shared) capital of the organisation with the registered (shared) capital greater than Rbl 1.5 million. The mentioned statement is issued on the basis of the application of such organisation within 30 days after submission of the set of the listed documents.
Registered in the Ministry of Justice of the Russian Federation on September 3, 2003. Reg. No. 5041.

Order of the State Customs Committee of the Russian Federation No. 878 of August 11, 2003 on the Amendments to the Order of the State Customs Committee of Russia No. 429 of May 25, 2000

Changes the procedure of the customs registration of the commodities imported as humanitarian aid (assistance) to the territory of the Russian Federation.
Imported as humanitarian aid (assistance) and intended for the state and municipal organisations financed from the budgets of all levels special purpose ambulance vehicles, as well as mobile diagnostics laboratories outfitted with special medical equipment obtained by medical institutions for own needs, vehicles intended for carrying 10 persons and more imported for children's homes, nurseries for the elderly and invalids, vehicles outfitted with wheelchair lifts and imported for invalid rehabilitation centres are exempted only from the import customs duty and the customs fees for the customs registration.
The Order is entered into force thirty days after its official publication.
Registered in the Ministry of Justice of the Russian Federation on September 3, 2003. Reg. No. 5040.

Decision of the Federal Commission for Securities Market No. 03-30/ps of June 18, 2003 on the Standards of Issue of Securities and Registration of Securities Prospectuses

Endorses the new standards of regulation of issue of stocks, bonds and options of legal entities, as well as the procedure of registration of prospectuses of these securities. The standards do not apply to the issue of state and municipal securities, as well as the issue of the bonds of the Bank of Russia.
One document regulates the procedure of issue of the bonds, stocks placed at the founding of the joint-stock companies, additional stocks, stocks placed by conversion, as well as the bonds converted into additional stocks. The standards adopted in 2002 are invalidated.
Registered in the Ministry of Justice of the Russian Federation on August 29, 2003. Reg. No. 5032.

Order of the Ministry of Justice of the Russian Federation No. 195 of August 14, 2003 on the Endorsement of the Typical Forms of Reports (Statements) of the Bankruptcy Commissioner

Endorses the typical forms of:
- report of the temporary manager;
- statements of the administrative manager on the course (results) of execution of the plan of financial rehabilitation, observation of the debt redemption schedule and of the satisfaction of the creditor claims;
- report of the external manager;
- report of the bankruptcy commissioner of his work and of the results of the bankruptcy proceedings;
- report of the bankruptcy commissioner of the use of the debtor monetary resources.
Registered in the Ministry of Justice of the Russian Federation on August 28, 2003. Reg. No. 5025.

Information Letter of the Presidium of the Higher Arbitration Court of the Russian Federation No. 74 of August 15, 2003 on the Particulars of Examination of Cases of Insolvency (Bankruptcy) of Credit Organisations

Explains the particulars of examination by the courts of arbitration of the cases of bankruptcy of credit organisations before introduction of the changes in the Federal Law No. 40-FZ of February 25, 1999 on insolvency (bankruptcy) of credit organisations.
Also explains that opportunities of introduction of the monitoring procedure are not envisaged for the credit organisation as a result of examination of the application to recognise the credit organisation as bankrupt.
If the credit organisation is recognised as bankrupt and bankruptcy proceedings are opened, the creditors with the claims included in the creditor claims register during the monitoring procedure are considered to be the persons participating in the case and must not renew their claims.