New law on the extension of deadlines for holding annual general meetings and disclosure of statements in 2020 has been adopted in Russia

The State Duma adopted, in the third reading, a federal law providing for temporary carve-outs from certain legislative requirements applicable to Russian companies. The changes include extending the deadlines for holding annual general meetings, updating the deadlines for submission and disclosure of financial statements, there being no obligation to decrease the charter capital by virtue of the value of net assets of JSC/LLCs and the introduction of a simplified procedure for public JSCs to acquire their own listed shares.

Click here to read the full article