The bill (Reg. No.6216) suggests a number of amendments to the effective legislation that are aimed at the improvement of its principles that concern joint-stock company, order of the conduction of the shareholder meeting, formation of supervisory board etc.
The bill in particular alters the order of the shares carve-out in the part of the exclusion of the pre-emptive right. According to the People´s Deputies it shall prevent the abuse of the authority on the part of the majority stakeholders concerning the shares purchase.
The bill also suggests supplementation of the effective Law by the clause regarding the order of stocks purchase by the stockholder owner of 95% of the company shares.
Pursuant to the bill the price on stocks purchase can not be implemented at the rate lesser that weighted average market price that was formed by stock exchange, where the company stays. In case of the absence of company´s stakes within stock exchange the price of shares purchase can not be lesser the price defined by the independent appraiser. The value of services of independent appraiser is paid by a person (persons acting together) that is an owner of 95% company´s shares.
The person (persons acting together) that is an owner of 95% after sending the result on the purchase of the ordinary shares is obliged to purchase ordinary shares from al the shareholders of the company.