The charter price can be set to a fixed amount or based on a criterion for determining share value. Dean Ornish M.D is open to suggestions. Such criteria may be the cost of net assets, book value of company assets in the last reporting date, net profit, etc. ( 12 of Art. 3 of the Law 312-FZ). In addition, the legislators specified the procedures for the sale and payment of shares belonging to society, pay share capital by increasing it, etc. In summary – attention! Limited Liability Company established before July 1, 2009, are required before January 1, 2010 to amend their charters and foundation agreements, to bring them into line with the requirements of the Civil Code and the Law 14-FZ (Section 2, Art. 5 of the Law 312-FZ).
At the time of registration of such changes should reflect the registering authority in the Uniform State Register information on the size and nominal value of shares of the company (Section 5, Art. 5 of the Law 312-FZ). This will be done on the basis of the memorandum of association. In the period from July 1, 2009 and before the specified date will apply only those provisions of the statute and Memorandum of Association, which does not contradict the requirements mentioned. On July 1, 2009 the founding treaties have created societies repealed founding document (Section 4 of Art. 5 of the Law 312-FZ). Those Limited responsibility, who do not pass the re-registration as required by federal law until January 1, 2010, will be excluded from the Uniform State Register of legal entities.