On State Registration Of Issues Of Shares, Placed Before The Entry Into Force Of The Federal Law "on Securities Market" Without State Registration

Original Language Title: О государственной регистрации выпусков акций, размещенных до вступления в силу Федерального закона "О рынке ценных бумаг" без государственной регистрации

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RUSSIAN FEDERATION FEDERAL LAW On State Registration of Shares of Shares before the entry into force of the Federal Law "On the Securities Market" without State registration Adopted by the State Duma on 19 November 2003 Approved by the Federation Council on 26 November 2003 Article 1 1. Shares placed before the entry into force of the Federal Law of 22 April 1996 No. 39-FZ On the Securities Market Registration is subject to State registration under this Federal Act. Documents for the state registration of these issues of shares in accordance with this Federal Law shall be submitted no later than one year from the date of its entry into force. 2. State registration of the issuance of shares, carried out in accordance with this Federal Law, is carried out at the same time as the state registration of the reports on the results of these shares. 3. According to this Federal Law, the registrant is obliged to conduct a state registration of the issue and report on the output of the shares, or to take a reasoned decision to refuse their state registration in time not later than 60 days from the date of receipt of all required documents. The decision to refuse the state registration of the issue of shares is taken on the grounds provided for by the Federal Law of 22 April 1996 of the year N 39-FZ "On the securities market", except for the case of a violation by the joint-stock company of the requirements of the law of the Russian Federation on securities in part of the ban on the placement of shares before the state registration of their issue. 4. The owners of securities whose state registration is carried out in accordance with this Federal Law shall recognize the persons whom securities are held at the time of such state registration. The transactions on the basis of which the persons concerned acquired securities may not be declared null and void due to the absence of State registration. Article 2 1. The absence of a public registration of the issue of the shares is not an obstacle to the elimination or conversion of a joint-stock company in the event that a decision on its liquidation or conversion was made before the end of the period referred to in the second paragraph Article 1, paragraph 1, of this Federal Act. 2. Joint stock companies which have failed to submit documents for public registration of shares in the second paragraph of Article 1, second part 1 of Article 1 of this Federal Act are to be liquidated in accordance with the claims of the public authorities. Registration of legal entities. Article 3 This Federal Law shall enter into force 10 days after its official publication. President of the Russian Federation Vladimir Putin Moscow, Kremlin 10 December 2003 N 174-FZ