Authorities of the General Shareholders’ Meeting
The General Shareholders’ Meeting is competent to decide on the following issues:1) introduction of additions and amendments to the Company's Charter or approval of a Charter revised;
2) the Company reorganisation;
3) the Company liquidation, appointment of a liquidation commission and approval of the provisional and final liquidation balances;
4) election of members of the Board of Directors and early termination of their authorities, decision on remuneration and (or) compensation of expenditures due to members of the Board of Directors in connection with their performing functions of members of the Board of Directors during the term of their obligations discharge; definition of such remunerations and compensations amounts;
5) definition of quantity, nominal value and category (type) of authorised shares and entitlements of such shares holders;
6) increase of the Company's chartered capital by way of shares nominal value increase or placement of additional shares;
7) decrease of the Company's chartered capital by way of shares nominal value decrease, by the Company purchasing part of the shares with a view of their total quantity reduction as well as by redemption of shares having been purchased or bought out by the Company;
8) election of members of the Auditing Commission and early termination of their authorities, decision on remuneration and (or) compensation of expenditures due to members of the Auditing Commission in connection with their performing functions of members of the Auditing Commission during the term of their obligations discharge; definition of such remunerations and compensations amounts;
9) approval of the Company's Auditor;
10) decision on transfer of authorities of the Company's sole executive body to a management entity (manager) and early termination of authorities of such management entity (manager);
11) payment (announcement) of dividend following the results of the first quarter, half or nine months of a financial year;
12) approval of the Company's annual reports, annual accounting reports including profit-and-loss reports (profit and loss accounts) of the Company as well as allocation of profit (inclusive of payment (announcement) of dividend except profits allocated as dividend following the results of the first quarter, half or nine months of a financial year) and loss of the Company following the results of a financial year;
13) definition of the Company's General Shareholders’ Meeting procedures,
14) election of members of the Tabulation Commission and early termination of their authorities;
15) split and consolidation of shares;
16) decision on approval of transactions in cases provided for by Article 83 of Federal Law No. 208-ÔÇ “On Joint-Stock Companies” dated 26.12.1995;
17) decision on approval of major transactions in cases provided for by Article 79 of Federal Law No. 208-ÔÇ “On Joint-Stock Companies” dated 26.12.1995;
18) purchase of shares placed by the Company in cases provided for by Federal Law “On Joint-Stock Companies”;
19) decision on participation in financial-and-industrial groups, associations or other unions of business entities;
20) approval of in-house documents governing activities of the Company's bodies,
21) decision on compensation of expenditures related to preparation and arrangement of an extraordinary General Shareholders’ Meeting out of the Company's funds which compensation is due to persons and bodies convening the extraordinary General Shareholders’ Meeting;
22) establishment of a sole executive body of the Company and early termination of its authorities in cases provided for by Clauses 6 and 7 Article 69 of Federal Law “On Joint-Stock Companies”;
23) solution of other issues provided for by Federal Law “On Joint-Stock Companies”; and the Company's Charter.
Issues included into the range of the General Shareholders’ Meeting competence shall not be transferred for solution by the sole executive body and the Board of Directors of the Company.
