The NSSMC clarified some issues regarding the general meeting of participants of joint stock companies and CIFs during the war

The NSSMC (National Securities and Stock Market Commission) has made some amendments to the procedure for holding general meetings of joint stock companies and participants of the CIF (corporate investment fund) during martial law in Ukraine.

Among other things, the NSSMC clarified that in case of expiration of the powers of members of the supervisory board during martial law, their powers are considered extended in terms of convening and holding a general meeting.

The Resolution shall enter into force on the day of its publication on the NSSMC’s official website. You can read the text at the link.