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The agreement on creation and activities of Interstate financial and industrial group "Facets"

of October 18, 1996

The State Parties of the Agreement on creation of the integrated air defense system of the State Parties of the Commonwealth of Independent States of February 10, 1995 on behalf of the governments (further - the Parties),

proceeding from need of consolidation and coordination of financial and production efforts of the companies of defense industries of the Parties for implementation of the specified Agreement,

based on the Decision of Council of Heads of Government of the Commonwealth of Independent States on assistance in creation and enhancement of the integrated air defense system of the State Parties of the Commonwealth of Independent States of November 3, 1995,

being guided by the Agreement on assistance in creation and development of the production, commercial, credit and financial, insurance and mixed transnational associations of April 15, 1994 and the Agreement on carrying out the approved antimonopoly policy of December 23, 1993,

for the purpose of concentration of scientific and technical and production capacities of the companies of defense industries for performance of works for recovery, creation and enhancement of the integrated air defense system of the State Parties of the Commonwealth of Independent States,

agreed as follows:

Article 1

The parties create Interstate financial and industrial group "Granite" (further - the group "Facets") based on specialized enterprises and the organizations of different patterns of ownership.

The group "Granite" is subject is production - economic activity with the rights of the legal entity and undergoes state registration in authorized bodies of the Russian Federation without submission of the organizational project and the conclusion of federal antimonopoly authority.

Article 2

The companies and the organizations - participants of group "Granite" keep the status of the legal entity, form of business, the state and departmental accessory, are not limited in production of products, non-core for group "Granite", and perform activities based on the legislation of the states taking into account provisions of this agreement.

Participants of group "Granite" can be part of national financial and industrial groups which activities are not connected with performance of works on recovery, creation and enhancement of the integrated air defense system of the State Parties of the Commonwealth of Independent States.

The group "Granite" is open for entry into its structure of other companies and organizations of the Parties which are directly included in single engineering procedure of development and production of products, profile for group "Granite", according to the procedure, provided by its Charter.

Article 3

The authorized capital of group "Granite" is created at the expense of money contributions of the companies and the organizations which were its part, without transfer to trust management of group "Facets" state-owned property of participants of this agreement.

Article 4

On transaction on movement of material values, goods, works and services between participants of group "Facets", necessary for accomplishment of the tasks assigned to it according to this agreement, the legislation of the Parties regulating such transactions between structural divisions of one legal entity extends. At the same time import and export of products, works and military services for the benefit of the integrated air defense system of the State Parties of the Commonwealth of Independent States and their taxation are made according to the Decision of Council of Heads of Government of the Commonwealth of Independent States on regulating documents on creation and enhancement of the integrated air defense system of the State Parties of the Commonwealth of April 12, 1996.

Article 5

The parties allocate group "Granite", and also each of her participants with the right of independent implementation within the Commonwealth of export-import supply of raw materials, materials, nodes, details, spare parts, components, finished goods, works and military services for performance of works in creation and enhancement of the integrated air defense system of the State Parties of the Commonwealth and register them according to the procedure, established by the national legal system, as subjects of foreign economic activity in the field of military and technical state cooperation - members of the Commonwealth.

Article 6

The parties according to the national legal system will assist group "Granite" in realization of the tasks assigned to it by provision of the state support in part of quoting, licensing, the preferential taxation, reduced customs tariffs, and also the state guarantees for investment attraction.

Article 7

This agreement is open for accession to it of other State Parties of the Commonwealth of Independent States with the consent of all Parties which signed it by transfer to depositary of the document on such accession.

Article 8

According to the mutual arrangement of the Parties changes and additions can be made to this agreement.

Article 9

The parties shall resolve the matters of argument connected with interpretation of provisions of this agreement by negotiations.

Article 10

Each State Party has the right to leave this agreement, having sent the adequate written notice to depositary. The Agreement for this state is terminated after one year from the date of obtaining by depositary of the mentioned notification.

Article 11

This agreement is signed sine die.

Article 12

This agreement is temporarily applied from the date of signing and becomes effective after the date of transmission on storage to depositary of the third notification on accomplishment of the interstate procedures by the Parties necessary for its entry into force. For the Parties which performed interstate procedures later it becomes effective from the date of transfer of the notification on it to depositary.

It is made in Moscow on October 18, 1996 in one authentic copy in Russian. The authentic copy is stored in the Executive Secretariat of the Commonwealth of Independent States which will send to each state which signed this agreement, its verified copy.

 

Armenia signed with clause: "The item 12 entry into force on national. to zak-v".

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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