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  • The procedure of establishment and dissolution of a company
    Newly established companies are liable for state registration. After the moment of state registration a company is considered to be established and get the status of legal entity. For state registration of a company founders should submit the following documents:

    * The Application for registration of a company drew up following no particular form and signed by the founders of the company;

    * The Agreement of Incorporation;

    * The Articles of Incorporation affirmed by the founders;

    * The documents which confirm the fact that payment of at least 50% of the registered capital was passed into account;

    * The Certificate of state fee payment;

    * The document which confirms the agreement of the anti-monopoly authority for company establishment.

    There must be the following data in the Agreement of Incorporation: the name of the company, its location, the management scheme of its activities, the data on its founders, the amount of the registered capital, the share of each founder in the registered capital, the procedure and method of contribution payments into the registered capital made by the founders.

    The Articles of Incorporation must contain the following information: the legal form of the entity, the name, the location, the amount of the authorized fund, the structure and the procedure of appropriation of profits, assets formation, the procedure and conditions of reorganization and dissolution of the company.

    Constitutional documents (the Agreement of Incorporation and the Articles of Incorporation) of some legal forms of entities should also contain other information except the abovementioned.

    The state registration is done within 3 days since the moment of filing the necessary documents, or within 30 calendar days since the post delivery date indicated in the receipt of payment for the constitutional documents. The rejection of the state registration of a company can be made if the submitted documents don’t correspond to the law. The decision on the rejection of the state registration of a company can be appealed to a court.

    The dissolution of a company can be made in the following conditions:

    * Upon founders’ decision;

    * On grounds of expiration of a period the company was established for;

    * On grounds of the achievement of the objective the company was established for;

    * In case if the court declared the registration of the company as nude on grounds of violations of law or other legal acts made while registration, if these violations are of unrecoverable nature;

    * Under the court decision if the activities were carried out without the appropriate permit (license), or there were carried out the activities forbidden by law, or the activities were carried out with repeated or major violation of law or other legal acts;

    An important thing while establishment and dissolution a company is also the informing the Federal Tax Service at the place of registration of the company as well as providing the data on opening and closing the current account to the tax authorities. The interaction with the Federal Tax Service is obligatory at any stage of business and you should remember it well as there were provided fixed penalties for a failure to submit definite information or accounts.
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