Companies have until 30.04 to approve the accounts and financial statements for 2018, as well as the allocation of profits ascertained, at a meeting or meeting of shareholders.
The approval of the accounts without reservations exonerates the directors from liability for their actions, except in cases of error, fraud, fraud or simulation.
The company that does not approve the accounts may have difficulty obtaining financing and be disqualified from bidding, among other consequences.
The Board of Trade also requires the publication of financial statements in the Official Gazette and in a mass-circulation newspaper for corporations and large limited liability companies. In some cases, this obligation can be judicially challenged.
Barcellos Tucunduva Advogados remains at your disposal to assist you in this and other corporate law matters.
