Public hearings with the participation of the deceived shareholders passed in 47 regions

© RIA Novosti / Krivobok to Russenparty in fotobanka judges. Archival photoPublic hearings with the participation of the deceived shareholders passed in 47 regions© RIA Novosti / Krivobok to Russenparty the image Bank

Public hearings dedicated to the problems of the deceived shareholders passed in 47 constituent entities of the Russian Federation, reported on the website of the state Duma.

«Today, public hearings on discussion of the situation in the regions the situation with the participation of citizens affected by the actions of unscrupulous developers, were held in 47 subjects (the Russian – ed.) Federation», — stated in the message.

It is also expected that during the forthcoming autumn session of the lower house of Parliament similar hearings will be held in 23 regions.

Earlier on Monday the Ministry reported that Russian President Vladimir Putin signed the law on compensation Fund of shared construction. The law States the powers and functions of the Fund, its management bodies establishes the obligation for the payment by developers of contributions to the compensation Fund to the state registration of the contract of participation in shared construction, and the ability to assist in the completion of homes in the event of bankruptcy of the developer, the press service of the Ministry of construction.

At full power, the Fund becomes operational no later than November of the current year. In three months it will be transformed into a public law company. This will provide additional transparency to the activities of the Fund, the report said. The law introduces a fixed mandatory contributions to the compensation Fund in the amount of 1.2% of the price of each contract of participation in share construction. The contribution rate may be changed not more often than once per year and only by making amendments to the corresponding Federal law.

While the law does not solve the issues of citizens, cheated by unscrupulous developers.

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