Rada adopts law on immediate reduction of JSC quorum

18:43, 19.03.2015 1 min read

The Verkhovna Rada has approved government bill No. 2273, which foresees the reduction of the quorum for holding shareholders' meetings to 50% plus one share.

The bill will now take effect immediately, not on January 1, 2016 as was previously foreseen.

A total of 275 MPs voted in favor.

One of the key enterprises which will be affected by the bill is PJSC Ukrnafta; its minority shareholders have repeatedly blocked the holding of general meetings, management changes, and dividend payments.