In the corporate calendar, the first quarter ends with a vital and sometimes neglected obligation: the Approval of Company Administrators’ Accounts. Provided for in articles 1,078, of Law No. 10,406\/2002<\/a> (Civil Code) and 132, of Law No. 6,404\/1976<\/a> (Corporations Law), this obligation applies to all companies, regardless of size or corporate structure, and is responsible for formally releasing all the administrators from acts taken in the previous fiscal year.<\/p>\n<\/div><\/div><\/div><\/div><\/div> The Annual General Meeting (AGM) or the Members’ Meeting for the approval of accounts must take place, without exception, until the fourth month after the end of the fiscal year. For the vast majority of companies, whose fiscal year coincides with the calendar year, the deadline is April 30, 2026, including the performance of the act and subsequently filing with the Commercial Registry.<\/b><\/p>\n<\/div><\/div><\/div><\/div><\/div> Joint-Stock Companies (S.A.) must publish their financial statements before the shareholders’ meeting in a widely spread newspaper, comparing the data from the previous fiscal year with the following information: <\/i><\/p>\n The financial statements must be signed by a duly identified accountant, including their registration number with the professional body, and by the company’s board of executives in order to be submitted for registration with the Commercial Registry.<\/span><\/p>\n In turn, the Minutes of the General Meeting by which the shareholders approve the directors’ accounts must comply with one of the procedures below:<\/p>\n \n<\/div>\n<\/div>When is the deadline?<\/h3>\n<\/div>
Why is approval indispensable?<\/h3>\n<\/div>
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What are the obligations for Joint-Stock Company? <\/i><\/h3>\n<\/div>
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Exceptions:<\/h3>\n<\/div>
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And what about Limited Liability Companies?<\/h3>\n<\/div>
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Is there a rule for signing documents?<\/h3>\n<\/div>
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