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Company / Power

The change to article 68 of the law on General principles of organization of local government

The President has signed the Federal law "On amendments to article 68 of the Federal law "On General principles of organization of local self-government in the Russian Federation".

Federal law passed by the State Duma on 21 June 2018 and approved by the Federation Council on 27 June 2018.

I

Federal law provides that representative bodies of municipal formations for the joint solution of issues of local significance can make decisions on the establishment of intermunicipal economic societies, including in the form of non-public joint-stock companies.

Thus, part 1 of article 68 of the Federal law of 6 October 2003 No. 131-FZ "On General principles of organization of local self-government in the Russian Federation" provides for the possibility of establishing a closed joint-stock companies, given in accordance with the Civil code of the Russian Federation.