Holding of Annual General Meetings of LLC Participants in 2026

we would like to draw your attention that in accordance with the Article 34 of the Federal Law No. 14-FZ dated February 8, 1998 “On Limited Liability Companies” the regular (annual) general meeting of participants of an LLC to approve the results of the previous year (annual reports and annual accounting (financial) statements) is to be held in the period from March, 1 to April, 30, 2026.

Non-holding of the meeting within the specified period may result in penalties. According to the Clause 11 of the Article 15.23.1 of the Code of Administrative Offences of the Russian Federation an unlawful refusal to convening a meeting or evasion of convening a general meeting, as well as violation of requirements for the procedure of convening, preparing and holding general meetings of LLC participants, entails the imposition of a fine. For officials (general directors) the fine ranges from 20,000 to 30,000 rubles; for legal entities it ranges from 500,000 to 700,000 rubles.

As we have previously informed you the legislation prohibits holding the regular general meeting of participants in absentia. However, it is permitted to hold such a meeting by combining absentee ballots and an in-person meeting (i.e., with the physical presence of at least one of the participants).

We will be glad to support you in preparing and holding a regular meeting to approve the annual results by the general meeting of LLC participants, as well as to prepare the corresponding minutes of meeting or the resolution of the sole participant of the company.