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 12.08.2005

Decision of the Government of the Russian Federation No. 496 of August 9, 2005 on the Indexing in 2005 of the Monthly Monetary Payments in the Increased Amount of Pensions and Allowances to Non-Working Pensioners and Invalids, Invalid Children Depending on the Time of Living on the Territories Having Been Exposed to Radioactive Contamination Because of the Disaster at the Chernobyl Nuclear Power Station

The indexing includes the period from May 29, 2004 to December 31, 2004 while applying the factor of 1.1 and from January 1, 2005 while applying the factor of 1.08 proceeding form the level of inflation for the years 2004 and 2005. Amounts of monthly monetary payments are provided taking into account the indexing.

Order of the Ministry of Internal Affairs of the Russian Federation No. 636 of August 2, 2005 on the Endorsement of the Instruction on the Procedure for the Personnel of Militia to Carry out Checks and Revisions of Financial, Economic, Entrepreneurial and Trade Activities

Specifies the procedure of checks and revisions carried out to verify available information showing the signs of a crime pertaining to violation of the legislation regulating financial, economic, entrepreneurial and trade activities. The check or revision may not take more than 30 days. The mentioned measures may be implemented in the presence of a motivated decision of the head of the local body of internal affairs.

When carrying out the check or revision, militia personnel may withhold documents (or their copies) while drawing up on the obligatory basis the protocol and the list of withdrawn documents (or their copies). If original documents are being withdrawn, their copies are made to be certified with the signature of the official carrying out the check or revision.

The Instruction does not envisage the right of the personnel of the bodies of internal affairs to suspend the work of legal entities and independent entrepreneurs. Neither can they seal cash departments and places of storage of documents, money and commodity and material values during the check.

The Instruction lists officials of the bodies of internal affairs authorised to take decisions to carry out the mentioned checks and revisions.

Registered in the Ministry of Justice of the Russian Federation on August 8, 2005. Reg. No. 6891.

Order of the Ministry of Education and Science of the Russian Federation No. 123 of April 22, 2005 on the Endorsement of the Procedure of Prolongation of the Patent for an Industrial Prototype

Provides a sample request to prolong the patent to be submitted within the last six months of the tenth year of the period of validity of the patent. The period of validity of the patent may be prolonged by the Federal Service for Intellectual Property, Patens and Trade-Marks at the request of the patent holder for up to five years. The request must be processed within one month from the date of receiving in the federal service. Information on the prolongation of the patent is entered in the State Register of Industrial Prototypes of the Russian Federation and is published in the official bulletin of the Federal Service for Intellectual Property, Patens and Trade-Marks.

Registered in the Ministry of Justice of the Russian Federation on August 5, 2005. Reg. No. 6883.

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