Management company

If you don't intend to appoint a new CEO, ABU accounting services will be able to act as a sole executive body of a company. We can prepare a separate agreement for this purpose, which will determine the basic points of cooperation, the list of authorized persons who will give orders and instructions with regard to signing of documents. Please note that ABU accounting services provides such services only for "dormant companies"  and for companies with low business activity within the limit agreed to by both parties.

ABU Management Company assumes and exercises authorities of the sole executive body of the Managed Company on the basis of and subject to conditions of the Charter or other organizational  documents of the Managed Company. ABU also exercises any other powers not assigned by the documents of the Managed Company, the powers with which a sole executive body of a Limited Liability Company is vested, in compliance with the law and effective legislation of the Russian Federation. ABU Management Company, being governed by the resolutions of the General Meeting of Members of the Managed Company, exercises powers of the sole  executive body of the Managed Company including:

• ongoing management of the company by persons authorized by the Managed Company;
• control and disposition of property, including its funds, by persons authorised by the Managed Company;
• conduct of transactions on behalf of the Managed Company, signing of agreements and guarantee of their execution by persons authorised by the Managed Company;
• opening and closure of bank accounts in the name of the Managed Company, their maintenance with the right of first signature;
• development of personnel policy and control over its execution upon approval of the Chart of Organization, job description etc. by persons authoruzed by the Managed Company;
• hiring and firing of employees; issuing of designation, promotion and dismissal orders for the employees of the Managed Company; and issuing  incentive and disciplinary sanctions by persons authorized by the Managed Company;
• making decision and issue of orders on urgent matters considering internal activity of the company by  persons  authorized by the Managed company;
• preparation of required documents and proposals to be considered by the General Meeting of Members and Audit commission (Auditor) and ensuring for implementation of the decisions adopted by persons  authorized by the Managed company;
• provision for storage of company documents, that must be preserved by the Managed company, in compliance with current legislation, verification of records from these documents and their copies by persons authorized by the Managed company;
• representation of the company as between any and all government and non-government organizations and instituations, private companies and individuals;
• hire and firing of branch managers, head of representative offices and managers of other separate subdivisions by persons authorized by the Managed company;
• decision making in the name of the Company with regard to claims and suits against legal entities and physical persons;
• organization of bookkeeping and preparation of all the company's financial reports;
• delegation of power of attorney on specific matters to third parties, issue of powers of attorney for affirmative performance on behalf of the company;
• ensuring the Company's compliance with existing legislation;
• notification of the General Meeting of Members of any risks and non-standard circumstances occurring during daily operations of the company;
• conduct of any other activities stipulated by the existing legislation of the Russian Federation, the Managed Company's Charter and the resolutions of its General Meeting of Members.