The Bill (Reg. No. 3285) introduces regulations, pursuant to which, "the participants of the association can depart from the regulations determining the number of votes necessary for adoption of resolutions on certain issues, however, they should not establish a smaller number of voices necessary as compared with the quantity envisaged by effective legislation".
The Bill also "cancels obligatory preliminary notification about the general meeting of participants/shareholders for the companies with one participant/shareholder, and renders a possibility of departing from such a requirement or altering the period for sending notification by common consent of participants/shareholders".
Nevertheless, the People´s Deputies expressed a number of remarks concerning the Bill. Thus, it was submitted after adoption of the Law "On Joint-Stock Companies" that regulates certain issues appertaining to the joint-stock companies. However, "matters regarding other types of associations failed to be settled".
The Committee passed a resolution to coordinate the regulations of the Bill with the Law "On Joint-Stock Companies" within the scope of its preparation to the Second Reading.