Legislation amendments

Changes to the Article 5 of the Federal Law «On state registration of legal entities and individual entrepreneurs» were made by the Federal Law No. 350-FZ dated 27.10.2020. The amendments clarified the content of the Unified State Register of Legal Entities (EGRUL). In particular, the registry must contain the following data concerning limited liability companies:

• amount and nominal value of equity stake owned by each shareholder,
• pledging of a share or its part or data on other charges,
• transfer of a share or its part (including shares transferring by succession order) to trust management and data on trustee,

In regards to joint stock companies:

• information that the company has a single shareholder, and information about such shareholder,
• data on share registrar.

Some data on legal entities and individual entrepreneurs will be entered in EGRUL by registration authorities. Such information includes:

• legal form;
• indication of the status of an international company;
• form of legal entity incorporation (incorporation or reorganization);
• data on succession – for legal entities incorporated as a result of reorganization of other legal entities, constituent documents of which are amended due to the reorganization, as well as for legal entities that have ceased their activities as a result of the reorganization;
• form of legal entity termination;
• data on process of winding-up or reorganization;
• date of state registration of a natural person as an individual entrepreneur;
• date and form of termination of an entrepreneurship.

Besides, the period for notification of registration authorities by legal entities and individual entrepreneurs on changes in EGRUL has been extended from three to seven working days. The Law will come into force on April 24, 2021.