Notification of Participants of the General Meeting: Legal Significance and Consequences

The Russian legislation contains provisions concerning the procedure for holding a general meeting of participants of a corporate organization that pay special attention to the procedure for notifying about the upcoming meeting. The paper examines the issue of notifying the participants of the civil law community about the meeting as a legally significant action affecting the legal qualification and consequences of the decisions taken by the corporation. The balance of interests of minority and majority participants is analyzed when they are notified, taking into account the agenda. The paper differentiates the cases of invalidation of decisions on disputed and void grounds when the procedure for notifying participants of the meeting is violated. The author proposes the ways of verifying the will of a corporate organization when making an appropriate decision, identifies cases of making corporate decisions necessary for the company, as well as the convalidation of decisions taken with a deviation from the established notification procedure. The paper defines legal approaches and constructions of proper notification taking into account the challenges of modernity, including the process of digital transformation of the economy and sanctions economic pressure on domestic business. Also, the paper examines approaches applied in jurisprudence that have developed over the past decade and identifies trends in the transformation of these approaches with due regard to the balance of interests of participants in corporate relations.

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