Verkhovna Rada of Ukraine adopts Law

Verkhovna Rada of Ukraine adopts Law "On amendments to Article 60 of Law of Ukraine 'On economic companies' (regarding reduction in quorum of general meetings of shareholders of limited liability companies)"

Information Department
Published on 24 November 2015, at 16:47

In particular, the Law envisages that general meetings of shareholders shall be deemed competent when shareholders (their representatives) present at general meetings totally own more than 50% of votes.

The document also contains a norm envisaging that bylaws of companies without state-owned shares in their capital can introduce a different percent of votes of shareholders (their representatives) present at general meetings for being deemed competent.

Respective draft law was registered under No. 2757.

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