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  • Ordinary General Meetings to Approval the Financial Statements Corresponding to the 2021 Financial Year.

The deadline for holding ordinary general meetings (AGM) for the fiscal year ending on December 31, 2021 ends on April 30, 2022, with the purpose of taking the administrators' accounts, as well as approving the financial statements and allocation of results.

The formalities for calling the AGM may vary according to the corporate type, and are regulated in the respective articles of incorporation or bylaws, respecting the legislative provisions contained in the Civil Code and Corporation Law

As a general rule, large limited companies (with annual gross revenue exceeding R$300 million or total assets exceeding R$240 million) and open and closed joint-stock companies are required to publish their financial statements, before the date of the AGM, in a newspaper with wide circulation and in the Official Gazette.

Regarding public limited companies, according to the amendment brought by Complementary Law 182 of 2021, closed companies, with annual gross revenue of up to R$78 million, will be able to opt for publications electronically, through the SPED system, to the detriment of publication in mass circulation newspapers and in the Official Gazette.

Our Corporate team | M&A is available for further clarification and assistance in fulfilling this obligation.

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