Limited Liability Companies Law Amendments

Federal Law on Limited Liability Companies was amended in December 2008.

These amendments shall come into affect on July 1st, 2009 and address the following:

1. the right of shareholders to leave company without selling shares,

2. some aspects of shareholder's agreements,

3. notarization of transactions with shares,

4. approval of major & related-party transactions,

5. exercise of preemptive rights ad et cetera...

All changes shall be introduced to your company Charter up to January 1st, 2010, or it shall not be accepted in a bank, notary office and other state organs.


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