Draft law regulating specifics of reorganization of legal entities is developed
The Ministry of economic development of Russia prepared amendments to the Federal law № 208-FZ dated December 26, 1994 “On joint-stock companies” (hereafter – “the Law on JSC”), the Federal law № 129-FZ dated February 08, 1998 “On limited liability companies” (hereafter - “the Law on LLC”) and the Federal law № 129-FZ dated August 08, 2001 “On state registration of legal entities and sole entrepreneurs” (hereafter – “the Law on registration”).The main purpose of the amendments is to improve the reorganization procedure, provide rules for reorganization involving several forms of reorganization (hereafter – “Complex reorganization”), simplify procedure for notification of interested persons and amend rules for registering results of reorganization in the Unified State Register of Legal Entities (hereafter – “USRLE”).