RUSSIAN FEDERATION FEDERAL LAW on State registration of issues of shares, placed before the entry into force of the Federal law "on securities market" without State registration adopted by the State Duma November 19, 2003 the year approved by the Federation Council November 26, 2003 year Article 1 1. Issues placed before the entry into force of the Federal law of April 22, 1996 N 39-FZ "on securities market" without State registration, are subject to state registration in accordance with this federal law.
Documents for State registration of specified issues of shares in accordance with this federal law shall be submitted not later than one year from the date of its entry into force.
2. State registration of issues of shares carried out in accordance with this federal law, shall be carried out simultaneously with State registration of reports on the results of the issuance of the shares.
3. In accordance with this federal law the registering body must conduct State registration of issue and a report on the outcome of the issue of shares or take a reasoned decision to refuse their State registration no later than 60 days from the date of receipt of all necessary documents.
Decision on refusal in State registration of issue of shares shall be adopted in accordance with the Federal law of April 22, 1996 N 39-FZ "on securities market", except in the case of violations of the joint stock company-issuer requirements of legislation of the Russian Federation on securities in part of a ban on the placement of shares prior to the State registration of their release.
4. The owners of securities, State registration of issue which was carried out in accordance with this federal law shall be recognized by the persons to whom the securities owned at the time of such registration. The deal, under which these persons have acquired securities cannot be declared invalid owing to a lack of State registration.
Article 2 1. The lack of State registration of share issue does not constitute an obstacle to the elimination or transformation of joint-stock company in case a decision on its liquidation or conversion was taken before the end of the period referred to in paragraph two of part 1 in article 1 hereof.
2. joint-stock companies, which had not submitted within the period specified in the second paragraph of part 1 of article 1 of this federal law, the documents for State registration of issues of shares, are subject to liquidation on claims authorities responsible for the State registration of legal entities.
Article 3 this federal law shall enter into force on the expiration of 10 days from the day of its official publication.
The President of the Russian Federation v. Putin in Moscow, the Kremlin December 10, 2003 N 174-FZ