Under the new law in force from 07 March 2021, until December 31, 2021, inclusively, Russia- based joint-stock companies can opt to hold general meetings of shareholders in absentia in any cases including when the agenda includes such questions as the election of a board of directors or an audit commission; the approval of an auditor; or the approval of the annual report, annual accounting (financial) statements (unless these questions are within the competence of the board of directors by virtue of the company’s charter).
The absentee form for the general meeting can also be chosen by the limited liability companies including when voting to approve of the annual report and balance sheet of the company.
As a general rule, the above issues of the agenda cannot be voted in absentia.
We recall that due to the COVID-19 pandemic, the same rules applied throughout 2020.
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NAZALI TAX & LEGAL |