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Putin Inked Bill on Nanotechnology Corp
Russia’s President Vladimir Putin has inked the Bill on Russia’s Nanotechnology Corp., Rosnanotekh, RIA Novosti reported with reference to the president’s site. The bill spells out procedures how to create the corporation and how to wind it up.
Under the president’s bill, Rosnanotekh will be controlled by its Supervisory Board, Management Board, General Director, Audit Commission and Research Board. The Supervisory Board will include five representatives of the president, two spokesmen of the State Duma, two envoys of the Federation Council and five representatives of the government. One more member will be the president-appointed general director of Rosnanotekh.
Being the government’s corporation, Rosnanotekh won’t be liable for the debts of Russia, and vice versa. Moreover, the RF Bankruptcy Act won’t extend to it.
Russia’s lower house of parliament, the State Duma passed the bill July 4, and the upper house, the Fed Council, approved it July 6. It was President Vladimir Putin that suggested creating such corporation in the April message to Fed Assembly.
www.kommersant.com
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