FEDERAL LAW OF THE RUSSIAN FEDERATION

of May 5, 2014 No. 129-FZ

About introduction of amendments to article 90 parts one of the Civil code of the Russian Federation and article 16 of the Federal law "About Limited Liability Companies"

Accepted by the State Duma of the Russian Federation on April 18, 2014

Approved by Council of the Russian Federation on April 29, 2014

Article 1

Item 3 of Article 90 parts one of the Civil code of the Russian Federation (Russian Federation Code, 1994, No. 32, Art. 3301; 1999, No. 28, Art. 3471; 2009, No. 1, Art. 20; 52, 6428) to state No. to the Art. in the following edition:

"3. The authorized capital of limited liability company is paid by his participants in terms and according to the procedure which are provided by the law on limited liability companies.

Effects of violation by members of society of terms and payment procedure of the authorized capital of society are determined by the law on limited liability companies.".

Article 2

Bring in article 16 of the Federal Law of February 8, 1998 No. 14-FZ "About limited liability companies" (The Russian Federation Code, 1998, No. 7, Art. 785; 2009, No. 1, Art. 20; No. 52, Art. 6428) following changes:

Paragraph one of Item 1 to state 1) in the following edition:

"1. Each founder of society shall pay completely the share in the authorized capital of society during the term which is defined by the constitutive treaty of society or in case of organization of society one person the decision on organization of society. The term of such payment cannot exceed four months from the moment of state registration of society. At the same time the share of each founder of society can be paid for the price not below its nominal value.";

Item 2 to declare 2) invalid.

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