How to change the director of a company in Russia?

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How to change the director of a company in Russia?

Russia is a country with a long history and a rich culture. Russia is also a country that has very strict laws and regulations when it comes to companies and their leaders. Changing a company director in Russia can be a complicated process and it is important to understand the applicable laws and procedures before making a change. In this article, we will look at the steps to follow in order to change the director of a company in Russia.

What is a director of a company in Russia?

A director of a company in Russia is a person who is responsible for the management and direction of a company. Directors are responsible for making strategic and operational decisions, managing finances and human resources, implementing policies and procedures, and representing the company to authorities and customers. Directors are also responsible for compliance with applicable laws and regulations.

The steps to follow to change the director of a company in Russia

Step 1: Determine the type of director change

Before proceeding with a change of director, it is important to determine the type of change that needs to be made. There are two types of manager changes in Russia: manager change by resignation and manager change by appointment.

  • Change of director by resignation: In this type of change, the current director resigns and a new director is appointed in his place.
  • Change of director by appointment: In this type of change, the current director is replaced by a new director without the first resigning.

Step 2: Prepare the necessary documents

Once the type of director change has been determined, it is important to prepare the necessary documents to effect the change. Necessary documents may include:

  • A letter of resignation from the current director (if applicable).
  • A letter of appointment of the new director.
  • A copy of the identity documents of the new director.
  • A copy of the identity documents of the current director (if applicable).
  • A copy of the company's articles of association.
  • A copy of the accounting and financial documents.
  • A copy of documents relating to compliance with laws and regulations.

Step 3: Submit the documents to the competent authority

Once all the necessary documents have been prepared, they must be submitted to the competent authority to obtain approval for the change of director. In Russia, the competent authority is the Federal Statistical Service (Rosstat). Documents must be submitted to Rosstat by mail or electronically.

Step 4: Publish Director Change Information

Once the change of director has been approved by Rosstat, the information must be published in an official journal. In Russia, the official newspaper is the “Vedomosti”. The information must be published in the Vedomosti within 30 days of the approval of the change by Rosstat.

Step 5: Update accounting and financial documents

Once the information about the change of director has been published in the Vedomosti, it is important to update the accounting and financial documents to reflect the change. Accounting and financial records should be updated to reflect the new director and his personal information.

Conclusion

Changing a company director in Russia can be a complicated process and it is important to understand the applicable laws and procedures before making a change. The steps to follow in order to change the director of a company in Russia are: determining the type of change of director, preparing the necessary documents, submitting the documents to the competent authority, publishing the information on the change of director and update accounting and financial documents. By following these steps, you will be able to change the director of a company in Russia safely and in accordance with applicable laws and regulations.

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