Colombia Update: Due dates of corporate legal duties

Holding ordinary meetings, March 31st, 2021

Each company must summon to an ordinary meeting of its Board of Directors (if applicable) and, subsequently, Shareholders General Assembly or Quota-holders Board, as the case may be, within the first three months of the year, in order to review the companies’ situation, approve financial statements of the previous fiscal year along with management’s reports, grant dividends, appoint legal representatives and statutory auditors, among other topics.

Mercantile Registry Renewal, March 31st, 2021

Every merchant and/or company has the obligation to annually renew his or her Commercial Registration and that of his or her or its commercial establishments. This must be carried out within the first three months of the year, i.e., no later than March 31, 2021.

By LLOREDA CAMACHO & CO, Colombia, a Transatlantic Law International Affiliated Firm. 

For further information or for any assistance please contact colombia@transatlanticlaw.com 

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