OREANDA-NEWS. August 25, 2009. Megabank has decided to reorganize from public limited company into public joint stock company. The shareholders at the general shareholders meeting have decided to reorganize the institution from public limited company into public joint stock company, reported the press-centre of Megabank.

The decision to reorganize the bank is related to the fact that April 29, 2009 a law “About joint stock companies” was enacted, which envisages existence of two types of joint stock companies – private and public.
 
The provisions of this law bind joint stock companies, including the banks, not later than during 2 years from the date of enactment of the law (i.e. April 29, 2011) to bring the charters in accordance with the norms of the law.