Joint-stock companies

According to the Civil Code of the Russian Federation, a joint-stock company is a company that has its’ capital divided into shares. The shareholders are not liable for the companies obligations and accept the risks of losses within the limit of their respective shares. Shareholders can sign any agreements that will regulate their rights.

JSC can issue stocks. There are «open» and «closed» joint-stock companies in Russia. Internationally they are known as «private» and «public» companies. Open joint-stock companies must disclose certain financial and other information annually.

The charter of the joint-stock company consists of 1,000 shares. Depending on the number of shareholders, there are different management bodies. In a company that consists of less than 50 shareholders the management body is the General Meeting of Shareholders. In a joint-stock company that has more then 50 shareholders, there is a board of directors.

The liquidation process might be:

• Voluntarily
• Court mandated

Fees:

• Registration of the JSC — 2 100 € (2 300 $)
• Registration of the issue of shares — 1 115 €