Issue of securities
Posted on Nov 23, 2000 08:15:27 AM
Issuance of securities is issuance of shares, bonds and other financial instruments, osuschestvlyaeyh stock companies in their institutions, as well as an increase in their share-of capital or attracting additional financial resources.
Issuance of securities is made for the following purposes:
1) for the establishment of joint stock companies and the full allocation of shares among its founders;
2) to increase the size of the initial capital (fund) joint-stock company by the additional issue of shares;
3) to raise extra capital entities, the state and its agencies through the issuance of bonds and other debt obligations.
Issued security – any securities, including non-documentary, which was marked by the following features:
1) provides for the collection of economic and moral rights, subject to certification, assignment and unconditional implementation in compliance with the statutory form and order;
2) placed the issue;
3) has an equal amount and timing of the rights within the same issue regardless of time of purchasing the security.
Issuer – The entity or executive bodies or local authorities, bearing on its behalf obligations to holders of its securities on the implementation of rights recognized by them.
A decision on the issue of securities – a document that is registered in the organ of state registration of securities and contains information sufficient to determine the extent of the rights enshrined security.
Stages of securities issuance
Stage 1 – Issuer decides to issue securities.
Step 2 – Registration of securities issue.
Stage 3 – Production of certificates of securities (for documentary editions).
Stage 4 – placement of equity securities.
Stage 5 – Registration of the report on the issue of securities.
When issuance of securities registration of the prospectus made when issued securities among an unlimited number of owners or advance the well-known circle of owners, whose number exceeds 500, as well as in the case where the total amount of emissions exceeds 50 thousand times the minimum wage.
Upon registration of securities issue with this release is assigned state registration number. The naming of state registration number is set by the registering authority.
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