публичное акционерное общество public joint-stock company

Creator:	Dylan Edwards
Language pair:	Russian to English
Discipline:	-
Definition / notes:	Since 1 September 2014 there some changes have been done in the Russian Civil Code. Joint-stock can be public and nonpublic, but not Closed or Open. Public Joint-stock is like an OAO (shares are publicly traded). Moreover, it is important to have the word "public" in the Name of the Company (ПAO). All companies which were ЗАО become OOO and have to correct the type of Company in their founding documents (charter). The statutory minimum charter capital is 5000 Russian minimum wage rates (in 2014 1 minimum wage rate is 5554 roubles)
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