The Law amends the effective legislation to improve its principles on joint-stock companies, order of holding the shareholder meetings, formation of supervisory board, etc.
The Law alters the order of the shares carve-out in part of exclusion of the pre-emptive right. The Law also supplements the effective Law with a clause on the order of the stockholder owner´s purchase of 95% of the company shares.
The price on stocks to be purchased can not be less than the average market price formed by stock exchange. If the company shares are unavailable at the stock exchange, the price of shares can not be less than the price established by an independent appraiser. The value of services of independent appraiser is payable by a person (persons) that own 95% of company share.
The draft is registered under Reg. No.6216.