Ceasefire agreements signed with 15 more Syrian settlements — Russian Defense MinistryWorld October 22, 0:39
Russian State Duma speaker confirms readiness to meet PACE presidentRussian Politics & Diplomacy October 22, 0:15
Ukraine’s new anti-Russian sanctions to take effect on October 31World October 21, 21:22
Kremlin says Egypt’s rumored sale of Mistrals for $1 is ‘utter nonsense’Russian Politics & Diplomacy October 21, 21:13
Source: Mi-8 helicopter with 22 people onboard makes crash landing in YamalSociety & Culture October 21, 20:15
Source says 'Gray money' tax may cover up to 5 mln RussiansBusiness & Economy October 21, 20:07
UN Human Rights Council passes resolution on AleppoWorld October 21, 19:52
Russian Justice Ministry refuses to transfer jailed filmmaker to UkraineRussian Politics & Diplomacy October 21, 19:44
Brussels says Belgium’s position on Hassadjek village bombing remains unchangedWorld October 21, 19:30
MOSCOW, April 2 (Itar-Tass) —— Open joint stock companies will cease to exist in Russia as a form of ownership soon and will be replaced with public and non-public commercial organisations, according to amendments to the Civil Code, Justice Minister Alexander Konovalov said.
“A large number of changes concern legal entities,” the minister said at a press conference at the Kremlin on Monday, April 2.
“As for commercial organisations, we studied the practice of creating legal entities over the past 17 years, and statistically about 85 percent of legal entities registered in Russia as limited liability companies, and some organisational forms provided for in the Civil Code of 1995 proved totally wrong,” Konovalov said.
Among them he named full partnership and additional liability company.
The amendments suggest dividing legal entities into public and non-public organisations. Depending on which category they belong to, organisations will be or will be not required to public financial statements and reports on shares and their issues.
“Everything that was provided for open joint stock companies will now apply to public and non-public organisations that can operate in any form of incorporation allowed by the Civil Code,” Konovalov said.