The Formation of Authorized Capital in Economic Organizations

Tatyana A. Skvortsova, Yuriy A. Kolesnikov, Tatyana A. Mosienko, Nikolay G. Romanenko
European Research Studies Journal, Volume XX, Issue 3B, 369-378, 2017
EOI: 10.11214/thalassinos.20.05.033

Abstract:

The aim of the study is to investigate the sense and order of formation of authorized capital in economic organizations within the context of modern Russia. Throughout the research conducted, authors analyze the legal nature of authorized capital of economic organizations and the order of authorized capital formation amongst the organizations with limited liability, as well as joint-stock companies in Russia.As a result, authors conclude, that as authorized capital represents a minimal scale of possessions, guaranteeing the interests from agricultural creditors; there is a need for a step-by-step implementation of "hard" authorized capital concept in the Russian legislation, as well as expansion of minimal requirement for authorized capital for Russian limited liability organizations as well as joint-stock companies.On the basis of the research conducted, authors propose recommendation, regarding the improvements of current Russian legislation regarding the order of authorized capital formation within economic organizations.


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