Companies will no longer need a round stamp
The State Duma on second reading adopted a bill to abolish the mandatory use of "round" stamp.
At the moment, any business entity is obligated to place a round stamp indicating its full name in Russian and specifying the company addresses on their documentation.
Under the bill round stamp is replaced by more modern methods of identification - an electronic signature, special forms of companies, holographic stamps and others.
At the moment, we are waiting for a third and final reading of the bill.
The bill assumes that the "round" stamp will not be canceled, but will be only voluntary and will be gradually replaced by more reliable methods of identification.
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