Payment of dividends in installments within 60 days 2021

General rules for paying dividends

Dividends are paid from the company's net profit in proportion to the shares of participants (shareholders) in the company's authorized capital. The profit remaining after the organization has paid all necessary taxes and fees is recognized as net profit. Its distribution in the form of dividends between owners is subject to Federal Laws dated 02/08/1998 No. 14-FZ on LLCs and Federal Laws dated 12/26/1995 No. 208-FZ on JSC:

Type of ownership	OOO	JSC
Frequency of dividend payments	Every quarter, every half year or every year	At the end of the 1st quarter, half year, 9 months or year
Who decides whether to pay dividends?	General meeting of participants	General Meeting of Shareholders
When profits cannot be distributed	The authorized capital is not fully paid There is a threat of bankruptcy or such a threat will arise after the payment of dividends The value of net assets is less than the authorized capital and reserve fund
When profits cannot be distributed	The share of the retiring participant has not been paid	Shares subject to repurchase have not yet been repurchased

If there is a danger of bankruptcy and an unacceptable amount of net assets, dividends cannot be paid, even if such a decision has been made.