Create and work rules of the company are regulated by the Civil Code and relevant laws on joint-stock companies and securities.
Public Corporation - such commercial organization, whose initial charter capital is divided into shares, which are evidence of the mandatory rights of the participants in relation to society.
On January 1, 1995, the term open joint stock company replaced a public company.It is a free association of legal entities and citizens for the overall business.Characteristics of the company is as follows.
Open Joint Stock Company has the legal right to conduct open and closed subscribe for its own shares and selling them in a free manner, as provided by law and should be spelled out in the charter of the organization.
shareholders bear the risk of losses in proportion to the value of the shares that they own.They are not required to meet the obligations of the Company may dispose of the shares without requiring the consent of other shareholders.Open Joint Stock Company does not provide pre-emptive rights of the shareholders or the public to buy shares that are disposed of by their shareholders.
Advocate shareholders of citizens and legal entities can, both residents of the Russian Federation and foreign.The number of shareholders is unlimited.
main founding documents of this type of society is the charter.The main issue of the securities held in the beginning of the activities of the company in the form of issue of shares for the initial implementation.
At least half of the shares (50%) shall be distributed among the founders of the company when it was created, they must be paid by the owners during the first three months of the society.The remaining shares may be paid during the year.You can pay for the shares in cash or other assets, in the latter case with the obligatory participation of an appraiser.
additional issue carried out for the purpose of the capital increase in the future business.This implements the principle of openness, which comes down to the desire to attract as much free financial resources for the development of society.
Public Corporation managerial authority a general meeting of shareholders, which is responsible for the solution of important issues activities, election monitoring body (Board of Directors), as well as the executive authority.
Executive Body oversee the activities of the company.Usually it is the sole (CEO).You can also configure and collegial executive body (directorate, board).
In Russia, a lot of companies large and medium-sized businesses created as a public company.This form allows you to effectively raise funds for the development of society in the form of investments through the issue and placement of additional shares and bonds.Stocks and bonds can be released for free circulation on the special securities market.All issued shares are subject to registration with the Federal Public Service for Financial Markets.The correctness of the company checks the audit corporations.
Record the newly created public company with the tax authorities.To do this, you must provide the Company the following: passport data of the founders, the head and members of the Board of Directors, the data from the Uniform state register of legal entities concerning all the founders, the name of, information on the structure, size, order payment of the authorized capital, the main activities of selected tax system,Society for the location address.The address can be your own or rent residential premises or location manager.
