A new law^[1] amending the procedure for adopting resolutions and determining the composition of the general meeting of shareholders of LLCs enters into force on 1 September 2014.

The law establishes the requirement for notarizing resolutions and the composition of general meetings of shareholders of LLCs. An LLC has the right not to carry out such notarization if:

1. A corresponding provision is present in the charter of the LLC or;
2. A unanimous resolution of the general meeting of the shareholders of the LLC approves a provision that the resolution not require certification.

Recommendations

Awara recommends LLCs make the necessary changes to their charters, or upon the adopting of each resolution, indicate that it is not necessary to notarize the resolution and the composition of the general meeting of shareholders.

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[1] Federal Law dated 05.05.2014 N 99-FZ On amendments to chapter 4 part 1 of the Civil Code of the Russian Federation and annulment of certain provisions of legislative acts of the Russian Federation