Fly-by-night companies will be checked with post

It's not a secret that fly-by-night companies are legally registered at one address, virtually carry on "business" at another place, other than the registered address.

In order to curb such practices, the Federal Law № 134-FZ from 28.06.2013 amends to Section 31 of the Tax Code, according to which only legal address noted at the registration in the Unified State Register of Legal Entities (USRLE), will be allowed to send the documents by the tax authorities discharging their powers . Thus, all justification of legal entities that the tax authority sends the wrong correspondence will not be noted, including with any litigation. This innovation comes into force on 30 July 2013.

It must also be noted that the mentioned Federal law also amends the Section 51 of the Civil Code, which will oblige the registration authority to verify the authenticity of information included in the USRLE. Moreover, the designated state agency obliges now to inform interested parties in advance of the upcoming state registration of amendments in the statute of an entity and of the forthcoming inclusion of the data in the Unified State Register of Legal Entities.

Information agency Credinform plans to enter an independent Reliability index for assessing the degree of approximation of the analyzed company to unreliable organizations, called "fly-by-night companies ".More than 30 different factors selected from the group of registration and financial data are used in arriving at the Credinform Reliability index.