Two chemists - Uglov and Koshkin - by request of the Green environmental fund, have developed a methodology for converting motor vehicles to environmentally friendly fuel - ethyl alcohol. To implement the invention, it was decided to create an open joint stock company and attract broad masses of investors to it.
The lawyers of Green developed the charter of the joint-stock company and submitted it to the founders for discussion. According to the charter, the size of the authorized capital of an AA must be 600 thousand dollars and divided into 60 thousand ordinary shares with a par value of 10 dollars each. In order to pay for the shares, the founders undertook: Angles (2000 shares) and Koshkin (1500 shares) - to prepare the necessary documents and register the joint-stock company, as well as to give permission to use their name in the name of Green Etil JSC. by open subscription.
During the discussion, Angles offered to issue two types of shares: face value of $ 10 for founders and $ 200 for all other shareholders. So that each share would have one vote. Koshkin demanded that the JSC’s charter pre-emption rights for the shares sold by other shareholders. M noted that it is necessary to create a supervisory board in the joint-stock company, since after the open subscription the number of shareholders will be very large.
Evaluate the content of the charter of the JSC and the proposals of the founders, as well as give a legal description of the procedure for opening a subscription for shares. What documents should be issued an open subscription for shares and what is their legal value? What are the differences between open and closed joint-stock companies.

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