Statute

Basic Regulations
1. Article one. General Regulations
1.1. Noncommercial partnership "International Confederation of Antiques and Art-Dealers" hereinafter called "Partnership" is a noncommercial institution that shall render assistance to the all its members in their activity aimed to achieve goals in accordance with the provisions of the present Regulations.
1.2. The Partnership shall function in accordance with the RF Constitution, RF Civil Code, Federal Law "Concerning noncommercial institutions" №7 -ФЗ dated 12.01.1996 , and other RF legal documents and The Partnership internal acts.
1.3. The Partnership has a right to carry out the business activity that covers the aims, which it has been established to achieve.
1.4. The Partnership has been established for an unlimited time.
1.5. The Partnership long title in Russian is Некоммерческое партнерство "Международная конфедерация антикваров и арт-дилеров". The partnership long title in English is Noncommercial Partnership International Confederation of Antique & Art dealers. The Partnership abbreviation in Russian is Партнерство "Конфедерация антикваров и арт-дилеров".
1.6. The partnership whereabouts is Russia, Moscow.

2. Article two. The Partnership Legal Status
2.1. The Partnership is a legal entity, that has it's own property, stocking on its separate balance and is to assume its liability against this property. The Partnership may to gain and fulfill property and non-property personal rights, accept civil liability, be a plaintiff and defendant in court, do deals. The Partnership has a round seal, stamps and blanks with its address and title, emblem registered in accordance with established procedure and other means of visual identification.
2.2. The Partnership is considered to be established since its State registration.
2.3. The Partnership is to own, use and dispose of its property in accordance with the Partnership activity targets and the property function.
2.4. The Partnership has a right to open bank accounts in rubles and foreign currency in accordance with established procedure in Russia and abroad.
2.5. The Partnership has a right to establish branches and representative offices in accordance with established procedure in Russia and abroad.
2.6. For the sake of achieving the goals, stipulated in its constituent documents, the Partnership may establish other noncommercial organizations or join other associations or unions.
2.7. The property that has been handed to the Partnership or its members is considered to be the Partnership property. The Partnership members are not responsible for the Partnership obligations, and the Partnership is not responsible for the obligations of its members.
2.8. Interference of the Sate, public or other organs in the Partnership activity except those authorized by law is not accepted.
2.9. In an effort to realize technical, social, economic and tax policy the Partnership is responsible for preservation of the appropriate documentation (administrative, finance-economic, on its staff and other) and guaranties to provide the documents that have scientific historical importance to the Moscow central archives for the State keeping; MOSGORARCHIVE has a right to keep the documents on the Partnership staff in accordance with the documents list agreed with the partnership and use them in accordance with the established procedure.

3. Article three. The Partnership Activity
3.1. The Partnership agenda does not cover profit making.
The Partnership agenda is:
assistance to cultural heritage preservation
working out and stimulating of introduction of the ethic standards and rules at the Russian art and antique markets
public opinion forming upon legal regulation issues in the sphere of antiques and contemporary art
systematization of the experience and exchange with information concerning arts and antiques between the Partnership members
providing assistance to the Partnership members in getting of the necessarily information concerning antiques and contemporary art
scientific researches in the sphere of antiques and contemporary art
studying of the issues covering art items that could be interesting to the Partnership members
stimulating of the unification of the commercial terminology in the sphere of arts and antiques in accordance with the international standards
propaganda of culture
stimulating of inflow in Russia of cultural values from abroad
presentation of the Partnership members concerns at the state and municipal institutions and abroad
3.2. The Partnership has a right to undertake business activity that does not prohibited by the law and that covers the targets which it has been formed to achieve.
3.3. In some kinds of the activity that are listed in appropriate federal laws The Partnership could be involved after getting special permission (license) only.
3.4. For realization of the agenda the Partnership is faced to it has a right to
- organize and participate in domestic and international antique shows, exhibitions of contemporary art, fairs, congresses and other events
- to carry out publishing, polygraph, scientific and scientific research activity
- to take part in the activity of the international organizations that unite antiques and art dealers
- to call an expert council that comprises competent specialists in the sphere if antiques and contemporary art.

4. Article four. The Partnership property.
4.1 The Partnership property is formed with
- regular and in time receipts from its members
- interests on business activity
- optional valuable contributions and donations
- interests on securities activity
- other sources that are not contrary to the law
4.2.The initial membership fee is to be paid by each candidate applying to join The Partnership and considered to be an entrance membership due. The second and further annual membership dues are to be paid by each Partnership member within the first calendar month of the year that follows the previous financial year.
4.3. The membership dues are to be paid in money and if necessarily, in property that corresponds to the Partnership agenda that is fixed in its Regulations
4.4. The value of an entrance fee and regular annual membership dues as well as other fees is to be assessed by the General Meeting of the Partnership members.
4.5. The entrance and regular annual membership fees are to be used to pay salary to the administration staff and to realize the activity stipulated in the Partnership constitutive documents.
4.6. Special fees are to be paid to provide financial support to the definite program or event. The term, value and form of payment are to be set by the General Meeting of the Partnership members.
4.7. The Partnership has a right to use The Partnership member's property that has been passed to the Partnership to organize and fulfill the activity fixed in its regulation documents.
4.8. The Partnership enjoys ownership of bankrolls and other types of property that natural persons and legal persons had given to the Partnership as fee, donation, contribution, under the will or in some other way.
4.9. The Partnership has a right to attract extra financial resources including monetary resources, contributions from legal persons and natural persons, including those made by foreigners in the accordance with the RF law established procedure.

5. Article Five. The Partnership membership.
5.1. Both natural persons and legal persons who share The Partnership purposes and have become the Partnership members in accordance with the course and terms fixed in the Partnership regulation documents have a right to be the Partnership members.
5.2. The Partnership founders and other persons, who have joined the Partnership in accordance with the established procedure, paid an entrance fee, obey the Partnership roles and meet the requirements fixed in the clause 5.1. of the article 5 of the present regulations are the members of the partnership.
5.3. The Partnership members are to be listed in accordance with the roles fixed in its regulation documents and the membership list is considered to be the Partnership internal document.

6. Article six. The rights and liabilities of the partnership members.
6.1. The Partnership members have a right to:
- to take part in the administration work in accordance with the procedure fixed in the Partnership regulation documents;
- to get information concerning the Partnership activity in accordance with the procedure fixed in the Partnership regulation documents;
- to leave the Partnership at the discretion of their own;
- to apply to the Partnership governing organs with any issues concerned with the Partnership activity;
- to hand over their property to the Partnership ownership;
- to get part of the Partnership property or the money for the Partnership property within the limits of the value of the property that has been passed over to the Partnership by its members except for the entrance fee, regular membership fees and special fees in case of their leaving the Partnership;
- to get the part of the partnership property or the value of the property within the limits of the value of the property that had been passed over to the Partnership by its members, remained after the appropriate settlements with the Partnership creditors, in case of the Partnership liquidation.
6.2. The Partnership members are to:
- to obey the regulations fixed in the Partnership constituent documents;
- to take part in the Partnership activity;
- to pay fixed annual and special fees in time and in assessed value;
- to provide information that is necessary to accomplish the goals concerned with the partnership activity.
6.3. The Partnership member who does not discharge his obligations systematically or fulfills his duties in improper way, or violates his liabilities (to the Partnership) or prevents with his activity or inactivity from the Partnership normal functioning could be excluded from the Partnership by the Partnership General Meeting decision.

7. Article seven. The procedure of application for membership and resignation.
7.1. The Partnership is open to new members admission.
7.2. An admission of a new member is to be made by the Board of Directors on the basis of his application addressed to the Partnership President who is to present the applicant to the Board of Directors at the closest to the application date Board of Directors Meeting.
7.3. An applicant is to pay an entrance fee within thirty calendar days after the day the Board of Directors made their decision about his joining the Partnership.
7.4. An applicant is considered to be joined the Partnership membership after he pays the entrance fee.
7.5. The Partnership members are not entitled to transfer their rights to a third parties.
7.6. The Partnership member should hand in an application in writing to leave the partnership.
7.7. The Partnership member is considered to be leaving the Partnership from the date that is indicated in his leaving application and it could not be the earlier date that the date of the leaving application handing or from the date that follows the date of the leaving application handing if the other date does not indicated in the leaving application.
7.8. The payments to the leaving member should be executed by the partnership not sooner than in a month and not later than in three month following the end of the financial year in which the leaving application had been handed.
7.9. After the issues concerned with leaving the Partnership by one of its members are solved, the closest General Meeting should confirm the decision about leaving the Partnership by the applicant.
7.10. Entrance, annual and special fees made by the Partnership members are not to be returned.

Article eight. The Partnership administrative procedures.
8.1. The Partnership members General Assembly is the highest legislative body of the Partnership.
8.2. The Partnership General Assembly has the power:
8.2.1. to approve and alter the Partnership regulating documents;
8.2.2. to determine the priority spheres of the Partnership activity and the main principles of forming of the Partnership property and its usage
8.2.3. to determine the value of the entrance fee and regular annual membership fees
8.2.4. to impose special and other fees and to determine the value of these fees
8.2.5. to form the Partnership counsel, and the Partnership Revision commission, to approve a pre-term end of their power;
8.2.6. to appoint a president;
8.2.7. to approve the end of the President term;
8.2.8. to reorganize ant to liquidate the partnership;
8.2.9. to approve the Revision commission reports;
8.2.10. to decide on the issues of exclusion from the partnership or free-will leaving the partnership;
8.2.11. to decide on the other issues, that the membership general assembly jurisdiction covers according to the partnership regulating documents;
8.3. The Partnership members' general assembly is considered to be authorized if more than a half of the Partnership members attends it.
Decisions of The Partnership General Assembly are to be made by the majority comprised by the members who attend the Assembly. Decisions concerning issues indicated at the paragraphs 8.2.1., 8.2.7., 8.2.8. of the present regulations are to be made unanimously by all the members of the Partnership.
8.4. Regular Assembly of the partnership members is to be called no less that one time a year and no later than three month after the end of the following financial year. General assemblies organized before this date are considered to be extraordinary .
8.5. Extraordinary General assemblies of the Partnership members are to be called as required and are to be initiated by the President or The Partnership Council.
8.6. Extraordinary General assemblies of the Partnership members are to be called by the President by informing of the Partnership members about the assembling date thirty days in advance.
The President and The Partnership Council are to draft an agenda.
The President and the Partnership Council are to take into account the Partnership members concerns on the issues for the agenda.
8.7. The Partnership Council is a permanent collective rolling organ.
8.8. The Partnership Council comprises a chairman and six members. The Partnership Council is to be elected by the Partnership General Assembly for three years term.
8.9. The partnership Council has a right to:
-to approve annual financial report and annual balance shit;
-to form branches and open representative offices;
- to participate in other organizations and institutions;
- to draft together with the administrative director issues for the agenda for the General Assemblies of the Partnership members;
- to approve internal Partnership documents;
- to decide on the other issues, that the Partnership Council power covers according to the partnership regulating documents;
8.10. The Partnership Council meeting is considered to be authorized is more than a half of the Council members attend it.
Decisions of The Partnership Council are to be made by the majority comprised by the members who attend the Council meeting. If there is a balance of for and contra voices the voice of the Chairman of the meeting is considered to be decisive.
8.11. The Partnership only executive organ is the Partnership president.
8.12. The Partnership president is ex officio The Partnership Council Chairman.
8.13. The Partnership Council Chairman reports to the Partnership General Assembly and organizes fulfillment of its decisions. The President (The partnership Council chairman) is responsible for the results and legality of the Partnership activity before the Partnership.
The President (The Partnership Council Chairman) operates on behalf of the Partnership without letter of attorney, registries the partnership members, signs documents, makes deals, and presents the Partnership interests covering all the issues concerning the partnership activity in institutions and organizations, gives letters of attorney, establishes settlement account and other accounts in banks, enjoys the power of disposing of the partnership property and commanding finance, concludes treaties, including labor contracts, approves staff, issues orders and gives instruction that all the Partnership staff should follow.
8.14. The President (The Partnership Council Chairman) has a right to delegate part of his power to his assistants.
8.15. If it is impossible for the President (The Partnership Council Chairman) to meet his engagements, the vice-president is to undertake his functions till the election of the new president (The Partnership Council Chairman). In case of impossibility of performance of the If the President (The Partnership Council Chairman)
8.16. It is possible to form Trustee Council within the frames of the partnership.

Article nine. Control of the partnership activity.
9.1. Revision Commission is to control the Partnership financial activity.
9.2. Revision Commission is to be elected for the three years term.
The Revision Commission meetings are to be held on necessity but no less than one time a year.
9.3. The leadership of the Revision commission activity is to be made by the revision commission chairman who is to be elected at the revision commission meeting from the Revision commission members.
9.4. Revision commission is to:
- control financial and economic activity of the Partnership administration (executive organs)
- carries out an audit of spending of money and wealth
- controls reporting about following the calculation of incomes and expenses
Audit control of economic and financial activity of the partnership is to be made no less than one time a year.
9.5. The partnership is to keep the books and statistical data in accordance with the established procedures fixed in Russian law. The Partnership is to provide state statistical institutions and other persons and organizations with the information concerning its activity in accordance with the Russian Law and the Partnership regulations.

Article ten. Reorganization and liquidation procedures.
10.1. The Partnership reorganization is to be held in accordance with the established procedures fixed in the present RF Law.
10.2. The Partnership liquidation can be free-willed (in accordance with the General Assembly decision) or forced (in accordance with a decision of a legal or other authorized institutions).
10.3. The organ, that makes a decision about the Partnership liquidation, in cooperation with the organ that provides official registration, is to appoint a liquidation commission and is to assign the procedure and the terms of the liquidation.
10.4. From the moment the liquidation commission is assigned, the liquidation commission is in charge of the Partnership administration.
10.5. The liquidation commission is to set information concerning the Partnership liquidation, procedure and term for the creditors applications in mass media .
10.6. After the termination of the creditors' application period and settlements with the creditors the liquidation commission is to make up a balance that is to be confirmed by the Partnership general assembly or the organ that makes a decision about the Partnership liquidation.
10.7. The property remaining after the settlements with the partnership creditors is to be distributed among the Partnership members in accordance with the value of their material fees. The part of the property remaining after the distribution is to be spend to the purposes for which the partnership had been established to and/or to charity purposes.
10.8. All the documents including administrative, financial, staff and others) are to be provided to the assignee in accordance with the established procedure.
After the Partnership liquidation all the documents that have scientific, historical value are to be hand over to the archives (Mosgorarchive) for the state keeping, all the documents concerning the partnership staff (orders, personal records, record sheets, personal accounts and others) are to be hand over to the archive of the administrative district where the Partnership is located. The documentation preparation and transfer are to be made by the Partnership and at the Partnership expense in accordance with the archive organs requirements.