diff --git a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/JvmLower.kt b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/JvmLower.kt
index 81369d41148..98ba90d5e79 100644
--- a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/JvmLower.kt
+++ b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/JvmLower.kt
@@ -47,7 +47,8 @@ class JvmLower(val context: JvmBackendContext) {
                                               NameUtils.sanitizeAsJavaIdentifier(super.localName(descriptor))
                                   }).runOnFilePostfix(irFile)
         EnumClassLowering(context).runOnFilePostfix(irFile)
-        ObjectClassLowering(context).runOnFilePostfix(irFile)
+        //Should be before SyntheticAccessorLowering cause of synthetic accessor for companion constructor
+        ObjectClassLowering(context).lower(irFile)
         InitializersLowering(context).runOnFilePostfix(irFile)
         SingletonReferencesLowering(context).runOnFilePostfix(irFile)
         SyntheticAccessorLowering(context).lower(irFile)
diff --git a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/descriptors/SpecialDescriptorsFactory.kt b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/descriptors/SpecialDescriptorsFactory.kt
index 14886f83c4f..09b7f99254c 100644
--- a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/descriptors/SpecialDescriptorsFactory.kt
+++ b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/descriptors/SpecialDescriptorsFactory.kt
@@ -125,10 +125,12 @@ class SpecialDescriptorsFactory(
     private fun createObjectInstanceFieldDescriptor(objectDescriptor: ClassDescriptor): PropertyDescriptor {
         assert(objectDescriptor.kind == ClassKind.OBJECT) { "Should be an object: $objectDescriptor" }
 
+        val name = if (objectDescriptor.isCompanionObject) objectDescriptor.name else Name.identifier("INSTANCE")
+        val containingDeclaration = if (objectDescriptor.isCompanionObject) objectDescriptor.containingDeclaration else objectDescriptor
         return PropertyDescriptorImpl.create(
-                objectDescriptor,
+                containingDeclaration,
                 Annotations.EMPTY, Modality.FINAL, Visibilities.PUBLIC, false,
-                Name.identifier("INSTANCE"),
+                name,
                 CallableMemberDescriptor.Kind.SYNTHESIZED, SourceElement.NO_SOURCE, /* lateInit = */ false, /* isConst = */ false,
                 /* isExpect = */ false, /* isActual = */ false, /* isExternal = */ false, /* isDelegated = */ false
         ).initialize(objectDescriptor.defaultType)
diff --git a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/lower/ObjectClassLowering.kt b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/lower/ObjectClassLowering.kt
index 13c8b741d08..e94105f52c3 100644
--- a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/lower/ObjectClassLowering.kt
+++ b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/lower/ObjectClassLowering.kt
@@ -16,32 +16,52 @@
 
 package org.jetbrains.kotlin.backend.jvm.lower
 
-import org.jetbrains.kotlin.backend.common.ClassLoweringPass
+import org.jetbrains.kotlin.backend.common.FileLoweringPass
+import org.jetbrains.kotlin.backend.common.IrElementTransformerVoidWithContext
 import org.jetbrains.kotlin.backend.jvm.JvmBackendContext
 import org.jetbrains.kotlin.backend.jvm.JvmLoweredDeclarationOrigin
 import org.jetbrains.kotlin.descriptors.ClassKind
+import org.jetbrains.kotlin.ir.IrStatement
 import org.jetbrains.kotlin.ir.UNDEFINED_OFFSET
 import org.jetbrains.kotlin.ir.declarations.IrClass
+import org.jetbrains.kotlin.ir.declarations.IrDeclarationContainer
+import org.jetbrains.kotlin.ir.declarations.IrFile
 import org.jetbrains.kotlin.ir.declarations.impl.IrFieldImpl
 import org.jetbrains.kotlin.ir.expressions.impl.IrCallImpl
 import org.jetbrains.kotlin.ir.expressions.impl.IrExpressionBodyImpl
 
-class ObjectClassLowering(val context: JvmBackendContext) : ClassLoweringPass {
-    override fun lower(irClass: IrClass) {
+class ObjectClassLowering(val context: JvmBackendContext) : IrElementTransformerVoidWithContext(), FileLoweringPass {
+
+    private var pendingTransformations = mutableListOf<Function0<Unit>>()
+
+    override fun lower(irFile: IrFile) {
+        irFile.accept(this, null)
+
+        pendingTransformations.forEach { it() }
+    }
+
+    override fun visitClassNew(declaration: IrClass): IrStatement {
+        process(declaration)
+        return super.visitClassNew(declaration)
+    }
+
+
+    fun process(irClass: IrClass) {
         if (irClass.descriptor.kind != ClassKind.OBJECT) return
 
         val instanceFieldDescriptor = context.specialDescriptorsFactory.getFieldDescriptorForObjectInstance(irClass.descriptor)
 
         val constructor = irClass.descriptor.unsubstitutedPrimaryConstructor ?:
                           throw AssertionError("Object should have a primary constructor: ${irClass.descriptor}")
-        val instanceInitializer = IrCallImpl(UNDEFINED_OFFSET, UNDEFINED_OFFSET, constructor)
 
+        val instanceInitializer = IrCallImpl(UNDEFINED_OFFSET, UNDEFINED_OFFSET, constructor)
         val instanceField = IrFieldImpl(
                 UNDEFINED_OFFSET, UNDEFINED_OFFSET, JvmLoweredDeclarationOrigin.FIELD_FOR_OBJECT_INSTANCE,
                 instanceFieldDescriptor,
                 IrExpressionBodyImpl(UNDEFINED_OFFSET, UNDEFINED_OFFSET, instanceInitializer)
         )
 
-        irClass.declarations.add(instanceField)
+        val instanceOwner = if (irClass.descriptor.isCompanionObject) parentScope!!.irElement as IrDeclarationContainer else irClass
+        pendingTransformations.add { instanceOwner.declarations.add(instanceField) }
     }
 }
\ No newline at end of file