After Imperial confirmation, the ukaz was heard in the Senate, and on 19 October 1806 was sent for execution to the main office of the Russian-American Company (RAC), and also to the Admiralty and Commerce colleges.[2] The Tsar himself was a shareholder in the new Company, as were other members of the Imperial family and many of St. Petersburg's aristocracy and society. Indeed, following the formation of Russia's first joint-stock company by Imperial decree in 1799, and the relocation of its headquarters from Irkutsk to the Imperial capital in 1801, the Company, referred to in Russian as "Under His Imperial Majesty's protection Russian-American Company" (Russian: "Под высочайшим Его Императорского Величества покровительством Российская-Американская Компания - Pod vysochaĭshim Yego Imperatorskogo Velichestva pokrovitelʹstvom Rossiĭskaya-Amerikanskaya Kompaniya")[3] had changed from a predominantly merchant-class enterprise to a "favourite" of Russia's upper classes.[4]