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News of the Federal Legislation

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News of the Federal Legislation


The amendments are made to the Federal Act "On banks and banking activity"
2007-12-06 06:00

NEWS OF THE FEDERAL LEGISLATION

The amendments are made to the Federal Act "On banks and banking activity"

The Federal Act N 325-FZ of December 4, 2007 (document is in Russian) makes amendments to article 36 of the Federal Act "On banks and banking activity" (document is in Russian), which provides the right of bank for attraction to deposits of monetary funds of natural persons from the date of its state registration or before expiration of two year period from the date of its state registration, if size of authorized capital of anew registered bank or size of own funds (capital) of effecting bank not less than sum of ruble equivalent of 100 mln. euro. At the same time, bank shall observe the duty fixed in normative act of the Bank of Russia, to disclosure information about persons making essential (direct or indirect) effect for decisions made by bodies of banking administration to unlimited circle of persons.

This Federal Act shall come into effect upon expiration of 90 days after the day of its official publication.

The coefficient-deflator K1 is established for 2008
2007-12-06 06:00

NEWS OF THE FEDERAL LEGISLATION

The coefficient-deflator K1 is established for 2008

The Order of the Ministry of Economical Development of Russia N 401 of November 19, 2007 (document is in Russian) approves the coefficient-deflator K1 in the size equal to 1,081. Coefficient-deflator K1 takes into account changing of consumers prices for goods (works, services) of previous period in the Russian Federation and it is necessary for calculation of base on the uniform tax on imputed income.


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