Limited Liability Companies
Amended provisions of the Civil Code and the Federal Law of February 8, 1998 14-FZ “On Limited Liability Companies, governing such questions such as: the establishment of ltd, reorganization and liquidation of limited liability companies. Innovations come into effect from 1 July 2009 and from this date the charter company and the memorandum of the society should be brought into compliance with new legislative requirements, ie should be re-registered company. Period for re-registration llc – six months (until January 1, 2010). Major changes to registration of the society are to follows: 1. Only one document recognizes a constituent – a company’s charter. 2.
Previously signed to create the society constituent treaties lose the status of constituent documents. In the new Founders Society enter into an agreement to establish a company that does not have the character of a constituent document. 3. The authorized capital must be not less than ten thousand. The concept of “contributions from participants of society” from which the share capital of limited liability is replaced by “shares acquired members of society.” Also, unlike the available opportunities to reorganize the company into a joint stock company or Producers Cooperative, is now authorized to convert the company into a business partnership, business association or other type of production cooperative. Thus, improvement of legislation would entail the necessity of bringing the constituent documents of a limited liability company in line with the new T Power Requirements and need to urgently re-register the company..
