Please note that, in accordance with the Federal Law “On Limited Liability Companies” No. 14-FZ dated 8 February 1998, limited liability companies are to hold an Ordinary General Meeting of Participants to approve their annual financial reports for 2010 not later than 30 April 2011.
The deadline for joint-stock companies to hold an Annual General Meeting of Shareholders is 30 June 2011 (in accordance with the Federal Law “On Joint-Stock Companies” No. 208-FZ dated 26 December 1995).
Failure to comply with the above mentioned procedure by the given deadline may be punishable by an administrative fine for a limited liability or joint-stock company in the amount of RUB 500,000 to 700,000 (approximately EUR 12,500 to 17,500).