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 18.08.2004

Decree of the President of the Russian Federation No. 1082 of August 16, 2004 "Issues of the Ministry of Defence of the Russian Federation"

The Ministry of Defence of the Russian Federation is a federal body of executive power in charge of the working out and implementation of the state policy, normative-and-legal regulation in the defence sphere. Activities of the Ministry of Defence of the Russian Federation are supervised by the President of the Russian Federation. The Ministry of Defence of Russia is the managing body of the Armed Forces of the Russian Federation. The Ministry of Defence of Russia shall coordinate and control the activities of its subordinate Federal Service of Military and Technical Cooperation, Federal Service of the Defence Order, Federal Service of Technical and Export Control and the Federal Agency of Special Construction.

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

Decree of the President of the Russian Federation No. 1074 of August 13, 2004 "Issues of the State Courier Service of the Russian Federation"

The State Courier Service of the Russian Federation is a federal body of executive power in charge of the special functions in the sphere of courier communication in the Russian Federation. Activities of the State Courier Service of Russia are supervised by the President of the Russian Federation. The State Courier Service of Russia is an integral part of the security system of the Russian Federation.

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

Decision of the Government of the Russian Federation No. 411 of August 12, 2004 on the Endorsement of the Rules of Reassessment of the Market Cost of the Investment Portfolio for the Purposes of Investing of the Resources of Accumulated Pensions and the Rules of Adjustment of Investment Portfolios of the Management Companies

Defines the procedure of reassessment of the market cost of the investment portfolio for the purposes of investing of the resources of accumulated pensions to be carried out by the management companies in charge of the trust control of the resources of accumulated pensions.

Endorses the procedure of adjustment of investment portfolios of the management companies in charge of the trust control of the resources of accumulated pensions, including the state management company, in cases when the maximum share in the aggregate investment portfolio of securities of one issuer is greater than 30% of the aggregate volume of securities of the given issuer available in circulation.

Decision of the Government of the Russian Federation No. 409 of August 12, 2004 on the Endorsement of the Rules of Redistribution of Subsidies from the Federal Budget to the Budgets of the Closed Administrative Territorial Formations in 2004

The present rules have been worked out in pursuance of Article 54 of the Federal Law on the federal budget for the year 2004. the Decision specifies that redistribution of the subsidies is arranged upon execution of the incomes part of the budgets of the closed administrative territorial formations for the first six months and for the 9 months of 2004. When a closed administrative territorial formation exceeds the planned figures of the incomes budget by more than 15%, the Ministry of Finance of Russia shall suspend the transfer of subsidies to it in the subsequent quarter.

Order of the Ministry of Justice of the Russian Federation No. 135 of August 6, 2004 on the Endorsement of the Instruction on the Procedure of State Registration of the Lease Contracts for Immovable Property

The Instruction regulates the issues pertaining to the particulars of the state registration of the lease contracts for the objects of immovable property (except for the enterprises as property complexes, plots of the forestry fund, isolated water objects and perennial plantations), changing, termination and discontinuation of the lease contracts.

Defines the particulars of submission of the documents for the state registration, legal expert evaluation of the documents and checking of the legality of the lease contract for the immovable property, entry of records of the state registration of the lease contract in the Joint State Register of Rights.

Specifies the procedure of the legal expert evaluation of the documents in cases of changing, termination and discontinuation of the lease contract.

Registered in the Ministry of Justice of the Russian Federation on August 12, 2004. Reg. No. 5974.

Order of the Federal Service of Insurance Enforcement No. 18 of August 16, 2004 on the Revocation of the Licenses for Insurance Activities Issued to Insurance Organisations

Revokes the licenses from 151 insurance organisations according to the attached list for the failure to fulfil the requirements to augment the registered capital specified in Article 25 of the Law of the Russian Federation No. 4015-I of November 27, 1992 on the organisation of insurance work in the Russian Federation.

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