Encyclopedia
Federal Continental Shelf of the Russian Federation Areas
Federal subsoil plots of the continental shelf of the Russian Federation - users of subsoil on federal subsoil plots of the continental shelf of the Russian Federation, as well as on federal subsoil plots located within the territory of the Russian Federation and extending to its continental shelf, may be legal entities established in accordance with the legislation of the Russian Federation, having experience in the development of subsoil plots of the continental shelf of the Russian Federation for not less than five years, in which the share (contribution) of the Russian Federation in the charter capital is more than fifty percent and (or) in relation to which the Russian Federation has the right to directly or indirectly dispose of more than fifty percent of the total number of votes attributable to voting shares (shares), making up the charter capitals of such legal entities1.
Federal Law No. 58-FZ dated April 29, 2008, "On Amending Certain Legislative Acts of the Russian Federation and on Declaring Certain Provisions of Legislative Acts of the Russian Federation as Lapsed in Connection with the Adoption of the Federal Law 'On the Procedure for Foreign Investment in Joint-Stock Companies of Strategic Importance for Ensuring National Defense and State Security'", as amended on May 2, 2015, Article 1, Subparagraph 6 // Official Gazette of the Russian Federation. 2008. No. 18. Item 1941. ↩