Korelsky, V. F. Fish, fishermen and fish industry in Russia / V. F. Korelsky. - Bremen : Krebs, [1993?]-.

expected that both these conditions must be satisfied by the corresponding state organs which now try not to be occupied with a direct economic activity and to relieve themselves of the responsibility for the results. The content of the reorganization into a joint-stock company is a partial or a full buying out of the property from the state. Therefore, a very important problem is a correct estimation of the cost of the enterprise which is carried out, as a rule, by means of the inventorying of the property. Only the Russian Fund of Federal Property has the right to sell state enterprises, which are the property of the Russian Federation, as well as the shares of the capital of enterprises belonging to iL It carries out the following functions: it temporarily owns the certificates of the ownership of enterprises belonging to the Federation as well as of the shares of the capital of the joint-stock companies transferred to it by the State Committee for Property of the Russian Federation, it acts as a plenipotentiary of the Federation as the property owner at the meetings of shareholders, holds the responsibility for the activity of enterprises to the limits of the share of the capital of the enterprises it owns, it can sell these shares and the certificates of the ownership of the property of the enterprises, it acts as a founder of joint-stock companies, buys shares of the companies whose development is defined by the problems of acceleration of the reorganization of the national economy, the protection of the environment, the development of the regions that are most backward socially and economically. I can suggest the following sequence of preparatory measures. At the first stage, the estimation of the financial position and of the consequences of the conversion of “Sevryba” (the first variant) or of every enterprise separately (the second variant) begins with the evaluation of their property which will become the principal constituent part of the registered fund. Then the list of founders (possible participants in the redemption of the property) is defined. The founders of a company may be physical and legal persons, including foreign ones, in accordance with the laws concerning investments of foreign capital. The number of founders of a company is unlimited. However, it is indicated in Article 3 of the Law on the State and Property Enterprises that these enterprises cannot be bought by legal persons on whose registered fund the share of the capital owned by the state, by the Local Soviets of People’s Deputies, public organizations, charitable or other public organizations exceed 25 per cent. The members of the work collective of a state or municipal enterprise can buy it out and form for this purpose a partnership or a joint-stock company. These workers as well as the former workers of this enterprise who have retired and other persons who have the right to return to their former place of work in accordance with the legislation have privileges defined by the corresponding law. One of the aims of establishment of joint-stock companies is to make enterprises more independent. The most important condition of this transformation is the acquisition of the controlling block of shares. 1 1 7