Tag Archives: joint stock companies

New draft law introduces a variety of changes to the Federal law “On joint stock companies” implementing a system of inner compliance in a joint stock company

Text of draft law initiated by Russian Ministry for Economic Development of the Russian Federation (hereinafter – the “Draft law”) was posted on January 25, 2017 on the federal Internet portal for the draft laws (http://regulation.gov.ru).

According to the publicly available information1 Draft law has undergone the stage of public discussions. The Draft law is expected to be soon introduced to the State Duma review.

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Range of amendments were introduced into the Federal law “On joint stock companies”

July 2016 was marked by the simultaneous adoption of several Federal Laws introducing significant changes to the Federal Law “On joint stock companies”(hereinafter – “Law on JSC”) and Federal Law “On limited liability companies” (hereinafter – “Law on LLC”) namely:

  • Federal Law No. 343-FZ dated July 3, 2016 “On amendments to the Federal Law “On joint stock companies” and the Federal Law “On limited liability companies” regarding major transactions and related party transactions” (hereinafter – “343-FZ”);
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