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Evgeny Arkhipov[24]
Chapter 2 – Business Association Forms
4. Certain Types of Legal Entities
4.1. Corporate Profit Organizations
4.1.1. General Provisions on Economic Partnership and Companies

Оглавление

Economic partnerships and companies have many features in common. Paragraph 2 of chapter 4 of the CC of the RF contains the general provisions on partnerships and companies. These norms appeared in the CC of the RF recently, and they should be taken into account when dealing with partnerships and companies.

4.1.1.1. Charter (Share) Capital of Economic Partnership and Companies

The charter (share)[32] capital of economic partnerships and companies is divided into parts (shares in a limited liability company and economic partnerships, stocks in the joint stock companies), which give corporate rights to the owners of these shares. Charter capital is the minimum possible size of property of the legal entity expressed in a monetary equivalent. The size of charter capital is established by the legal entity itself and is specified in its charter. Besides, information on the size of legal entity's charter capital is contained in USRLE, and anyone can receive information on it, having ordered an extract from the register.[33]

The share size (number of stocks) at the stage of the creation of the legal entity depends on the cost of the property which the participant brought to the charter capital of the legal entity.

4.1.1.2. Contributions to Property of Economic Partnerships and Companies

Unless otherwise stated in law, as a contribution to the property of the company, participants can bring:

i) money,

ii) goods,

iii) shares (stocks) in the charter (joint) capitals of other economic partnerships and companies,

iv) state and municipal bonds,

v) exclusive rights, other intellectual rights, and rights by license contracts, which are subject to a monetary assessment.

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Economic companies have charter capital, and economic partnerships have share capital. Everything written in the present chapter on charter capital applies to the joint capital as well.

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It is possible to receive information on legal entity from official source on the site of the FTS of Russia at: http://egrul.nalog.ru/

Russian business law: the essentials

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