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19.05.2014

Russian Central Bank Instruction for making of cash payments.

On 23 April 2014 the Russian Ministry of Justice registered the Russian Central Bank’s Instruction dated 7 October 2013 No.3073-U “On making of cash payments”.

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12.05.2014

Amendments to the procedure for paying the registered capital of a limited liability company come into force.

The Federal Law No.129-FZ dated 05.05.2014 “On amendments to Article 90 of the first part of the Russian Civil Code and Article 16 of the Federal Law ‘On limited liability companies’ eliminates preliminary payment of 50% of registered capital before registration and reduces the total time allowed for payment from one year to four months.

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