Supervisory Board

The Board of Directors (Supervisory Board) is authorized to approve a report on the outcome of such an acquisition of shares. The decision of the organization of the general meeting of shareholders in the company's charter is amended, which define reduction of share capital repayment organization owned by the Company (which for this purpose by the relevant federal regulations is on-the Joint Stock Companies "). Board of Directors (Supervisory Board) must approve the report on the results of the accomplished redemption of securities. As a result of the changes occurred is a reduction of the authorized capital amounting to denomination redeemable shares. The task of the board of directors (supervisory board) is making a decision about placing the company's charter adjustments, defining the issues concerning the opening missions of the organization, eliminating such missions, as well as creating subsidiaries. In accordance with Federal Law "On Amending the Federal Law" On Joint Stock Companies ", the main document organization (the company's charter) may undergo changes and additions to the part which is related to the parameters of its charter capital, including the amount already issued shares. Making changes is up to the IPO at a time when society is being reorganized by merger.

This occurs on the basis of the merger agreement. Well as the necessary foundation is registered with a report on the issue of shares are those that are going to create the society. Corrective amendments to be made in the charter of the organization (or if it's completely new version of the statute) must register with the state authority, which previously held state registration of legal person, and in the order, which is defined rules considering this question of federal law.