ARTICLE
24 February 2016

Approval Of Accounts – Fiscal Year 2014

DL
De Luca, Derenusson, Schuttoff e Azevedo Advogados

Contributor

De Luca, Derenusson, Schuttoff e Azevedo Advogados
Until April 30, limited companies and corporations should hold meetings /general meetings for approval of accounts and the election of administrators, as appropriate.
Brazil Corporate/Commercial Law

Pursuant to Brazilian legislation currently in force, limited liability companies and corporations must hold ordinary shareholders' meetings within the first four months of their fiscal year in order to :

  • Demand managers' accounts, examine, discuss and vote the financial statements relating to the prior fiscal year (as well as make a resolution, in the case of corporations, on the destination of net income and the distribution of the dividends);
  • Appoint managers (and members of the audit committee in the case of corporations), whenever applicable.

Approval Of Accounts – Fiscal Year 2014

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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