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Procedure of notarial certification of shareholders meetings’ minutes in limited liability companies and in non-public joint-stock companies was adopted by the Federal Notarial Chamber.
DATE: September 4, 2014 | AUTHOR: atlawyers
01.09.2014 the Federal Notarial Chamber adopted Guidelines № 2405/03-16-3 on the procedure of notarial certification of shareholders meetings’ minutes in limited liability companies and in non-public joint-stock companies (hereinafter - “The Guidelines”). A notary public entitled to certify the minutes shall practice in the notarial district where the general meeting of participants (shareholders) takes place.
The Guidelines provide the list of documents that should be submitted to a notary public in advance to holding of a shareholders meeting. The Guidelines also specify the information that is subject to examination by a notary public before the commencement of a shareholders meeting.
In accordance with p. 2.3 of the Guidelines, the article 67.1 of RF Civil Code does not apply to the limited liability companies and non-public joint-stock companies that have sole participant (shareholder). All shareholder’s decisions in such companies shall be adopted by a Resolution passed such sole shareholder in writing and no certification by a notary is required .