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Finance and Statistics - Kovalev AM

12.4 REGISTER OF SHAREHOLDERS OF THE COMPANY

The development of the privatization process through the incorporation determines the need for accurate and timely registration of holders of shares in a special register. With this registry records all information about the shareholders that it is necessary first and foremost to the company itself.

In addition, activation of the secondary circulation of shares on the stock market also necessitates complete information on shareholders. For shareholder of such registration indicates the transition to it property rights, without which it can not become the full owner of the shares.

The register of shareholders of the company provides the JSC not later than one month after the state registration. General rules for keeping and maintaining the register of shareholders and making the appropriate entries in it are defined by legislation of the Russian Federation.

Information to be entered in the register. The procedure of keeping the register should provide comprehensive information about each shareholder of the joint-stock company, a nominee shareholder indicating the reason for entry. First of all, in the register shall be entered information about the Company:

• legal address of JSC;
• Data on the state registration;
• the size of the authorized capital;
• the number, nominal value, category (type) of shares, their splitting and consolidation;
• information on the payment of dividends and the number and category of shares repurchased stock.

Information about each shareholder, introduced in the register includes the following data:

• Full name (name);
• shareholder details (location, the current account - for legal persons, residence, passport data - for individuals); .
• the number, category and nominal value of shares held by the shareholder ownership;
• the date of acquisition of the shares;
• date of submission of the final payment for the shares;
• the date on which the person ceased to be a shareholder, and other information required by the Russian legislation on securities bumagah- Information about the own shares acquired by the issuing stock, are also included in the register of shareholders.

The nominal share holders. The Company is entitled to charge the registration of shareholders to other organizations, which are referred to nominee shareholders. Such organizations may include a bank, depository, fund assets,

Investment Institute (excluding consultants) and other specialized organizations that have the right to conduct such activities in accordance with Russian law. Nominee shareholders are obliged to notify the contracted term stock of all changes in the shareholders' register,

Adding entries in the register of shareholders. To make entries in the register must be submitted documents confirming the ownership of the shares. At the founding of the company the basis for entry in the register of shareholders of records are the foundation agreement to establish a company and proof of payment by shareholders of their contributions.

The basis for the entries to be facts of encumbrance of shares commitments written order a shareholder or joint stock companies and other grounds the acquisition of ownership of the shares.

Adding entries in the register of shareholders of the new owner of the shares shall be made at its request on the basis of these documents proving ownership of the shares. Entries in the register of shareholders of the company at the request of a shareholder or a nominal holder of shares shall be effected no later than three days after the submission of the documents provided.

Failure of the registrar to make an entry in the register is not allowed, except for cases stipulated by the legislation of the Russian Federation. Motivated refusal to make an entry in the register is sent to the person by the registrar not later than five days from the date of the request for the recording. Failure of the holder of an entry in the register may be appealed in court.

The holder of the register of shareholders. If the number of shareholders not more than 500 registry holder may be society itself. Then AB conducts the registration of the shareholders and is responsible for general maintenance of the register.

When the number of registered shareholders of more than 500 requests the SA maintenance and storage of the register of shareholders specialized registrar - a legal entity with which the Company enters into a contract. Specialized Registrar may not be the nominal holders of shares and shareholders of the company,

In accordance with the contractual terms of a specialized registrar informs the public of any changes in the registry, monthly checks the number and category of outstanding shares and shares transferred to registered persons Although Examples

attracted a specialized registrar, the company is not exempt from the responsibility for maintaining and keeping the register of shareholders. The Registrar is obliged to make entries in the register of each shareholder and the data on nominal derzhatelyah.aktsy.

At the secondary circulation of shares of securities market participants are obliged to inform the holder of the register information on completed transactions by shareholders of the issuer. Registrar shall submit the information in the register of shareholders.

Registrar, whether by itself or joint-stock company specialized registrar, has no right to conduct transactions with the shares owned by registered shareholders. An exception is the process of purchase by the company of its own shares in accordance with the Russian legislation.

The shareholders and nominee shareholders, in turn, must promptly inform the registrar on past his changes in the information included in the register, or AO and specialized informant shall not be liable for damage caused in connection with these individuals.

The duty of the registrar is to issue an extract from the register of shareholders at the request of a shareholder or a nominee shareholder. Extract from the register, confirming the right of action, is not a security, so transfer it from hand to hand does not mean the transfer of ownership of the shares.

Keeping registers on paper in large joint-stock company is extremely difficult and time consuming. Therefore shareholders registration system takes the form of an electronic record by using computer programs vedeniyareestravladeltsev shares.

Original registry certified by the signatures of two officers and printing shares registrar.