The main characteristics of open society are scales of the integrated capital and a large number of owners. The main idea which is usually pursued at creation of such form of private enterprise, consists in attraction and concentration of big money (the capital of natural and legal entities for the purpose of their use for receiving profit.
On request of the shareholder, the auditor or any interested person society is obliged in reasonable terms to give to them opportunity to study the charter of society, including changes and additions to it. Society is obliged to provide to the shareholder according to his requirement the copy of the existing charter of society.
Modification and additions in the charter of society or the adoption of the charter of society is in the new edition carried out according to the solution of general shareholder meeting. Entering into the charter of society of the changes connected with reduction of authorized capital of society is carried out on the basis of the decision on reduction of authorized capital of the society made by general shareholder meeting.
The number of founders of open society is not limited. The number of founders of the closed society cannot exceed fifty. Society cannot have as the only founder (the shareholder other economic society consisting of one person.
In society with number of shareholders - owners of voting shares less than fifty having been tired societies can provide that functions of board of directors of society (observant council carries out general shareholder meeting.
As well as in full association, in a general partnership strict control of change of structure of full companions is exercised. A general partnership as well as the full association, can be liquidated according to the decision of its participants or by a court decision. Besides, the general partnership is subject to elimination when leaving of all investors participating in it.
Thus participants do not answer for obligations society and bear risk of the losses connected with its activity, within cost belonging to them actions. The participants who did not completely pay actions bear a joint liability according to obligations of society within unpaid part of cost of the actions belonging to them.
As the legal entity society is an owner: the property given it founders; production made as a result of economic activity; the gained income and other property acquired by it in the course of the activity.
The closed society has no right to carry out placement of shares and the securities of society converted in an action by means of an open subscription or otherwise to offer them for acquisition to an unlimited circle of people.
The chairman of the board of directors (observant council of society will organize its work, convokes meetings of the Board of Directors (observant council of society and presides over them, will organize maintaining the protocol at meetings, presides over general shareholder meeting.
The increase in authorized capital of society by placement of additional actions is registered at a rate of the par value of the placed additional actions. Thus the number of the declared actions of certain categories and types has to be reduced by number of the placed additional actions of these categories and types.
Society which actions are distributed only among his founders or other, in advance defined circle of people, admits the closed society. Such society has no right to carry out an open subscription to the actions released by it or otherwise to offer them for acquisition to an unlimited circle of people.
In the course of creation of society his founders unite the property under certain conditions, recorded in constituent documents of society. On the basis of such integrated capital further economic activity for the purpose of receiving profit will also be conducted.
The cost of the property brought by each founder is defined in a monetary form by the joint decision of participants of society. The integrated property estimated in terms of money makes authorized capital of society.