On striking off information from state register of microfinance organisations

On 20 October 2014, the Bank of Russia took a decision to strike off information on the following microfinance organisations from the state register of microfinance organisations:

1. Closed joint-stock company Garant Invest (PSRN 1112468071099);
2. Kovcheg-Invest, limited liability company (PSRN 1123851002065);
3. New Time, limited liability company (PSRN 1135543022031);
4. Active, limited liability company (PSRN 1135476028082).

The reason to take this decision was repeated violation within a year of the requirements of Federal Law No. 151-FZ, dated 2 July 2010, ‘On Microfinance and Microfinance Organisations’ and other regulations, notably:

— the organisations failed to provide information on amendments to their founding documents;

— the organisations failed to provide documents containing the report on microfinance activity and their management personnel for the year 2013 and 2014 Q1.

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20.10.2014 00.00.00