Annual meeting of participants (shareholders) – do not miss the deadline in 2019

Two federal laws, “On Limited Liability Companies” (“LLC”) and “On Joint-Stock Companies” (“JSC”), oblige participants (shareholders) to hold an annual general meeting to approve annual accounting statements and decide on other mandatory issues related to companies’ activities.

In companies where the fiscal year coincides with the calendar year in accordance with the constituent documents, the deadline for holding the annual general meeting is April, 30 for LLCs and June, 30 for JSCs.

For violating the legal requirements regarding the procedure, form, or timing of the annual meeting of participants (shareholders), the administrative liability is provided for:

• for officials – a fine of RUB 20,000 to 30,000, or disqualification for up to 1 year
• for legal entities – a fine of RUB 500,000 to 700,000.

SCHNEIDER GROUP’s experts will be happy to assist with the proper preparation of the required documents for the annual general meeting and to provide consulting support regarding the procedure for annual meetings to eliminate the risk of noncompliance with the law.

Our experts
Alex Stolarsky
Partner, Legal, Compliance, Tax & Interim Management, Rechtsanwalt
+7 / 495 / 956 55 57
Vlasta Skubko
Head of Legal, German Centre
+7 / 495 / 956 55 57
Alina Kozmina
Senior Legal Expert
+7 / 495 / 956 55 57