Approved by the State committee on securities in case of the President of the Azerbaijan Republic

The instruction about the state fee paid for registration of the prospectus of the issue of issue of securities

This Instruction is prepared according to the laws of the Azerbaijan Republic "About the state fee" of March 24, 1995, "About securities" of July 14, 1998 and the Provision "About the State Committee on Securities in case of the President of the Azerbaijan Republic" approved by the Presidential decree of the Azerbaijan Republic of July 26, 1999 No. 161.

1. General provisions

This Instruction determines the amount and payment procedure of the state fee for registration of the prospectus of the issue of issue of securities (further - "duty").

2. Amount and payment procedure of the state fee

I. In case of registration of the prospectus of the issue of issue of securities the issuer pays duty.

II. The duties are collected in the amount of percent 0,2 from the total amount of issue of securities.

III. The duty is paid before filing of application on carrying out state registration of issue of securities.

IV. The duty is paid to the government budget in cash procedure or transfer. If the duty is paid in cash procedure, are enclosed to the corresponding application the receipt of the credit institute which accepted payment and if it is listed from the account of the payer, - the payment order.

3. Return of the state fee

I. In case of refusal of registration of the prospectus of the issue the duty paid for registration of the prospectus of the issue of issue of securities returns.

II. The duty drawback is performed according to the procedure, established by the existing legislation.

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