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COMPANY FUNDS. ACCOUNTING AND REPORTING
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| bet | 28/28 | | Sana | 04.04.2017 | | Hajmi | 119.51 Kb. | | #2912 |
18. COMPANY FUNDS. ACCOUNTING AND REPORTING
18.1. The Company shall establish a reserve fund in the amount of 5 percent of the authorized capital of the Company.
18.2. The authenticity of the data contained in the annual reports, annual account reporting shall be subject to confirmation by the Auditing Commission of the Company.
18.3. Prior to the publication by the Company of the documents indicated in this clause the Company shall engage for annual verification and confirmation of the annual financial reporting an auditor who has no shared property interests with the Company or its shareholders.
The annual reports of the Company are subject to prior approval by the Board of Directors not later than 30 days before the date of the Annual General Meeting of Shareholders.
19. DISCLOSURE OF INFORMATION BY THE COMPANY TO THE SHAREHOLDERS
19.1. The Company shall provide the shareholders with access to the documents stipulated under Section 1, Article 89 of the Federal Law on Joint Stock Companies. Access to accounting documents and minutes of the meetings of the management board shall be given to the shareholders (shareholder) who own a total of not less than 25 percent of the voting shares of the Company.
19.2. The documents stipulated under Section 1, Article 89 of the Federal Law on Joint Stock Companies shall be submitted within seven days of the filing of a corresponding request to be accessed on the premises of the executive body of the Company. The Company shall, at the request of the persons who have the right of access to the documents stipulated under Section 1, Article 89 of the Federal Law on Joint Stock Companies, provide them with the copies of the said documents. The charge for making such copies available may not exceed the cost of preparing them.
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