Shareholders of corporations and partners of the limited liability companies must meet by April 30, 2021 at the Annual General Meeting (AGO) or Partners’ Meeting, respectively, with the purpose of resolving on the financial statements referring to the fiscal year ended on December 31, 2020, approving the allocation of the results and electing administrators, when applicable.
AGOs and Partners’ Meetings can be held in three different ways:
· In person: if the shareholders/partners can attend in person.
· Semi-presential: if the shareholders/partners can attend either in person or remotely, by sending a ballot or acting through an electronic system.
· Digital: if the shareholders/partners can participate exclusively remotely, by sending a ballot or acting through an electronic system.
The totality of the partners of limited liability companies may resolve in writing on the matters of the Partners’ Meeting, as provided by law.
The approval of the accounts and financial statements, without reservations, exonerates the administrators from liability, except for error, willful misconduct, fraud or simulation.
Franco Advogados is available to provide any clarifications on the subject.