REMEMBER THAT MARCH 31 IS THE MAXIMUM DEADLINE TO HOLD THE ORDINARY SHAREHOLDERS' MEETING OR PARTNERS' MEETING.
Pursuant to Article 422 of the Commercial Code, commercial companies must hold at least one ordinary meeting per year, according to the dates stipulated in the bylaws, and in the absence of such dates, within the 3 months following the end of each fiscal year.
This ordinary meeting shall have the purpose of examining the company's situation, appointing the managers and other officers of its choice, determining the company's economic guidelines, considering the accounts and balance sheets of the last fiscal year, resolving on the distribution of profits, and agreeing on all measures aimed at ensuring compliance with the corporate purpose.
The notice for the ordinary meeting must be given at least 5 business days in advance for simplified stock companies (S.A.S.), and 15 business days in advance for other companies; therefore, if a company will hold its shareholders' meeting or partners' meeting on the maximum date (March 31), if it is an S.A.S., each shareholder must be notified of the meeting no later than Friday, March 23, but if it is another type of company, the notice must be given no later than Thursday, March 8, 2019.
If your company has not yet called the shareholders' meeting or partners' meeting, we can assist you; do not hesitate to contact us.