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SBI Mosfinagency Charter

1. General

1.1. State budgetary institution of the city of Moscow «Financial agency of the city of Moscow» (abbreviated name SBI Mosfinagency), hereinafter referred to as the «Institution», was created as a result of the reorganization in the form of the conversion by the city of Moscow as a subject of the Russian Federation on the basis of the Moscow Government Resolution # 43-РП of 30 January 2013 «On the reorganization of the Specialized state unitary enterprise «Financial agency of the city of Moscow»».

The Institution is a successor of the Specialized state unitary enterprise «Financial agency of the city of Moscow» in respect of all the rights and obligations.

1.2. The founder of the Institution is the city of Moscow. The powers of the founder of the Institution (hereinafter the Founder) are carried out by the Department of finance of the city of Moscow in accordance federal laws, laws of the city of Moscow and normative legal acts of the Moscow Government.

1.3. The owner of the property of the Institution is the city of Moscow (hereinafter the Owner).

1.4. The Institution is a legal entity, has segregated property, independent balance sheets, personal bank accounts at a financial agency of the city of Moscow, a seal with its name, letterheads and stamps. The Institution is entitled on its own behalf to acquire and carry out its property and non-property rights, to undertake obligations, to participate in court proceedings as a plaintiff or defendant in accordance with federal laws.

1.5. The Institution shall bear liability for its obligations to the extent of its entire assets held by it under the right of operative administration and either vested to it by the Owner of the assets or acquired by it at the expense of income received from its income-generating activity, excluding especially valuable property vested to the Institution or acquired by the Institution at the expense of allocated funds, and also excluding immovable property.

1.6. The Owner of the property of the Institution shall not bear liability for obligations of the Institution. The Institution shall not bear liability for obligations of the owner of the property of the Institution.

1.7. The Institution shall carry out its activity in accordance with federal laws and other normative legal acts of the Russian Federation, normative legal acts of the city of Moscow, as well as this Charter.

1.8. The place of location of the Institution: 4 Schepkina street, Moscow, 129090.

  SBI Mosfinagency Charter