Changes in legislation

The Federal law as of 27.10.2020 №350-FL came into force as of April 26th, 2021. It introduced amendments in the article 5 of the Federal law «Concerning the State Registration of Legal Entities and Sole Entrepreneurs».

The changes apply to the data, being entered in the Unified State Register of Legal Entities (EGRUL).

Thus, among other things, the following data should be contained in the register in relation to limited liability companies:

• on size and nominal cost of shares in authorized capital, owned by each founder and company;
• on pledging, trust management or on another encumbrance of shares or parts of them;
• on trust manager of shares or parts of them.

In relation to joint-stock companies:

• indication about the fact that the company is owned by the sole founder (shareholder) and data about them;
• on administrator of shareholder register.

The following data on legal entities and sole entrepreneurs will be introduced into EGRUL by the registration authorities:

• on legal forms;
• on having a status of an international company;
• on way of incorporation (establishment, reorganization);
• on succession – for legal entities: established as a result of reorganization of other legal entities, charter documents of which the changes are introduced due to reorganization, having ceased the operation by reorganization;
• on way of termination of legal entity;
• on being in the process of liquidation or reorganization;
• on date of state registration of an individual as a sole entrepreneur;
• on date and way of termination of activity of an individual as a sole entrepreneur.

Moreover, legal entities and sole entrepreneurs should inform the registration authorities about changes in information, contained in EGRUL, within 7 days.

For reference:

According to the Federal Tax Service of the RF, during the 1st quarter of 2021, 60 397 legal entities and 202 406 sole entrepreneurs and farms were registered. During the same period, 92 685 legal entities and 375 595 sole entrepreneurs and farms were liquidated.