Civil Code

According to Section 1, Art. 29 of Law N 208-FZ of society has the right, and in some cases required to reduce its share capital by reducing the par value of shares or reducing their total number, including through the acquisition of shares. Reducing the share capital through the purchase and redemption of shares is permitted if this is available the company’s charter. By virtue of paragraph 4 of Art. 99 of the Civil Code and section 6 of Art. 35 of the Law N 208-FZ, if at the end of the second and each subsequent fiscal year’s net asset value is less than the company capital, it must declare and register in the prescribed manner decrease its authorized capital to an amount not exceeding the net asset value.

If the value of these assets of the company becomes less certain statutory minimum charter capital, the company is subject to liquidation. Similar provisions in for limited liability companies and companies with additional liability contained in the Federal Law of 08.02.1998 N 14-FZ ‘On Limited Liability Companies. ” Justification for the strict rules of law, as ‘society is subject to liquidation’, can be found in the provisions of Art. 2 Civil Code: an independent business, carried out at your own risk activities aimed at systematically profit from the use of property, sale of goods, works or services by persons registered as such in the manner prescribed by law.

Tax Code

We have a free democratic country, because yesterday, those who saw in the code of cons – took to the streets and expressed their disagreement. " "The government respects to all citizens, to all legitimate interests, but note that the decision we make in the interests of the overwhelming majority of our society. Yes, many entrepreneurs have to restructure its activities in line with European and civilized norms. But this is done in order to win the whole society, economics, receiving strong incentives for rapid development has given us the opportunity to go on a fundamentally new quality of life "- Prime quotes the press service of the Cabinet. At the same time he was "happy" noted that the majority in Parliament "supports tax reform and the assertion is, quite literally, the fateful for Ukraine's Tax Code. " I will try to predict the implications of the tax code. It may be noted that the Code, virtually eliminated all avenues of tax evasion for small and medium-sized businesses, which will cause them to pay wages exclusively by legal means.

This will lead to a substantial increase in their costs of doing business, and many of them will either have to cease operations, or increase the value of their production by 10-15%. Entrepreneurs who are paid solely on the cooperation with companies working on the common system of taxation, the majority will be forced to seek other means of income. True, in the Code requires a powerful equalizer increases the cost of doing business in the form of reduced taxes.