Sverdlovsk Region Federal Antimonopoly Service imposes 300,000 RUR worth of fines on Arshin Ltd., Encore Ltd., and Dveri & Okna Ltd.
5 July 2006 (09:08)
Sverdlovsk Region Federal Antimonopoly Service imposed fines of 1,000 minimum wages on Arshin Ltd., Encore Ltd., and Dveri & Okna Ltd., all located in the town of Samara. The total worth of the three fines comes to 300,000 RUR, reports the spokesperson for Sverdlovsk Region Federal Antimonopoly Service.
The enterprises were fined for failing to place a petition with Sverdlovsk Region Federal Antimonopoly Service asking to buy a certain voting share holding of the authorized capital of UralBurMash JSC. These share holdings made up over 20% of the company’s voting stock, and, given that UralBurMash JSC is on the state list of enterprises that have a 35%-plus share of the Russian Federation market, failing to buy the holdings is a violation of the antimonopoly legislation.
The enterprises were fined for failing to place a petition with Sverdlovsk Region Federal Antimonopoly Service asking to buy a certain voting share holding of the authorized capital of UralBurMash JSC. These share holdings made up over 20% of the company’s voting stock, and, given that UralBurMash JSC is on the state list of enterprises that have a 35%-plus share of the Russian Federation market, failing to buy the holdings is a violation of the antimonopoly legislation.
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