By introducing amendments to certain laws, the Law presents changes to handling corporate matters: ► Annual general meeting (the "Meeting")
- Joint-Stock Companies
- Joint Investment Institutions
- Limited and Additional Liability Companies
- Credit Associations
The Meetings of the above-mentioned legal entities may be held not as indicated in the ordinary statutory terms – delays won't be considered a breach. The Law also allows to postpone the Meeting for up to 3 months after the end of the quarantine period.
If it is impossible to hold the Meeting in a regular way, it can be arranged remotely, under the temporary special regulation of the National Commission for Securities and Stock Market.
If the term of office for members of the supervisory boards of Joint-Stock Companies expires in 2020, the powers of such members are fully extended until the date of the Meeting. ► Annual disclosure of information
The terms for the annual disclosure of information by the legal entities have been prolonged. The annual information about a Joint-Stock Company and a Limited or Additional Liability Company has to be disclosed 5 business days after the Meeting
For joint investment institutions, the disclosure of information has to be made within 5 business days after either the Meeting or adoption by the authorized body
of the asset management company of the mutual fund of a decision to approve the annual report of the fund in the manner specified by the legislation and regulations of such a fund.