Legal overviews
Specificities of holding general meetings of shareholders in 2021
- Service: Corporate Law / Mergers and Acquisitions
- Date: 01.03.2021
At the beginning of March, temporary amendments to the procedure for holding general meetings of shareholders in 2021 introduced by Federal Law No.17-FZ dated February 24, 2021 will take effect.
In particular, until December 31, 2021, the provisions of federal laws on business entities banning in absentia annual general/regular meetings of shareholders are suspended. Thereby:
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In 2021, general meetings of shareholders may be held in absentia regarding the following agenda items: 1. Election of the Board of Directors / Supervisory Board of the company; 2. Election of the Internal Audit Commission of the company; 3. Approval of the External Auditor of the company; 4. Approval of annual reports, annual balance sheets / financial statements of the company. |
In 2021, general meetings of shareholders may be held in absentia / by poll regarding the following agenda items: 1. Approval of annual reports; 2. Approval of annual balance sheets. |
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The resolution on the form of the general meeting of shareholders shall be adopted by the Board of Directors/ Supervisory Board |
The resolution on the form of the general meeting of shareholders shall be adopted by the Executive Body of the company. |
We should mention that Federal Law No.17-FZ dated February 24, 2021 does not extend for joint stock companies the deadline for sending to shareholders proposals on adding items to the AGM agenda, the deadlines for preparing for and delivering to shareholders the minutes of general meetings of shareholders or for preparing minutes of meetings of the Board of Directors / Supervisory Board, as was the case in 2020.
This overview is prepared by Senior Associate of Capital Legal Services Anastasia Dukhina. You can download pdf-version here.