New developments in the presentation of Financial Statements of Simplified Corporations
The General Inspection of Justice has resolved that as from March 20, 2021, Simplified Corporations must submit their financial statements virtually, through the TAD Platform. This must be done within 15 days since the Assembly approves them. In order to carry out the procedure correctly, the following documentation must be submitted:
- Minutes of the meeting of the Board of Directors that called the Meeting to approve the financial statements.
- Copy of the call to the approval meeting, which the Company may dispense with if all shareholders attend said meeting and unanimously approve its agenda.
- Minutes of the meeting of approval, with its respective attendance record sheet.
- A complete copy of the financial statements, signed by the Company’s Legal Representative, by the auditing body -if any- and by a public accountant.
- Duly signed report of the auditing body, if any.
- Report signed by the Legal Representative.
- Certified Public Accountant’s report in accordance with the terms of the Annex to the resolution. The Accountant’s signature shall be legalized by the Council of Graduates in Economic Sciences.
- Statement issued by the Company’s Legal Representative, made under the terms of the Annex to the resolution, providing that the information and documentation presented corresponds to the financial statements.
In line with the increased regulatory burden that has weighed on Simplified Corporations in the last year[1], this new resolution provides the mechanism to comply with the financial statements filing. At Lerman & Szlak we advise these companies to be updated with the compliance of these requirements as penalties might be applicable. Sanctions for non-compliance are mere warnings and fines for the Company, its directors, and internal auditors of up to $100,000.
For further information and/or advice regarding corporate compliance, please contact us at info@lermanszlak.com.
[1] For further information please visit: https://lermanszlak.com/es/sociedades-por-acciones-simplificadas-cambios-en-las-reglas-de-juego-durante-el-2020/
You May Also Like
Nic Argentina Updated its Fees for all Registration Procedures, Renewal and Transfer of Internet Domains
Our Partner Cecilia Brazzola, Leader of Lerman & Szlak’s Corporate Law and Commercial Litigation Team Sets a Precedent in Franchising Matters
Creation of the Programme for Transparency and Protection of Personal Data in the Use of Artificial Intelligence
The Digital Access Service for Priority Documents (DAS-OMPI) Administered by WIPO Will be Extended to Trademarks, Models and Industrial Designs
Privacy And Email Marketing: Practical Recommendations For Collecting Personal Data And Using It Legally. Is Opt-out Still Enough?
Automated Processing of Personal Data: Implications for Argentina With The Approval Of The Modernized Convention 108
Argentina: Privacy and the Health Sector – Article Published by Gabriela Szlak in OneTrust Data Guidance (August 2022)
Entrepreneurs Club at AMIA: Our Associate Luciano Gutman Provided Legal Advice and Guidance To Entrepreneurs On Labor Law, Contracts And Intellectual Property
Gabriela Szlak And Celia Lerman Presented The ADC Report “Mercosur Electronic Trade Agreement: Challenges And Opportunities”
Law No. 27.685 On the Development and Production Promotion of Modern Biotechnology and Nanotechnology
Electronic Signature and Judicial Credit Enforcement: A Brief Analysis of The Ruling “Afluenta V. Oliva”
The General Inspectorate of Justice reduces the maximum term of duration of corporations incorporated in Buenos Aires City
The importance of Legal Agreements in the field of Family Businesses: Brief comments on the ruling “Strella v. Strella”
Entrepreneurs Club at AMIA: our associate Luciano Gutman provided tips and legal guidance on labor law, contracts and IP for entrepreneurs.
Lerman & Szlak’s team has been appointed in different Committees of the International Trademark Association (INTA) for the period 2022
Chambers & Partners distinguished our partner Celia Lerman as an Up-and-Coming practitioner in the Intellectual Property practice
General Resolution IGJ 8/2021. New restrictions of the Public Registry of the City of Buenos Aires for the registration of foreign companies in order to participate in local companies
Gabriela Szlak and Lucia Suyai Mendiberri write about the Personal Data Protection Bill in One Trust – Data Guidance
Shirly Galante published an article on challenges and strategies for the new trademark opposition resolution procedure in Argentina
Franchising in Food Industry and New Challenges in Times of Pandemic. Dark Stores and Mobile Delivery Applications
Resumption of deadlines of the procedures before the National Institute of Industrial Property (INPI)
Celia Lerman will lecture on legal ethics and artificial intelligence at the fifth edition of the Jornadas Sanisidrenses de Derecho
Argentina: Best privacy practices in email marketing campaigns – Article Published by Gabriela Szlak and Lucia Suyai Mendiberri in OneTrust’s Data Guidance
Gabriela Szlak successfully taught the course “Legal and Regulatory Aspects of Marketing and Digital Business” as Lecturer-in-Law at the Master’s degree in Strategic Management of Marketing and Digital Businesses, University of Buenos Aires
Celia Lerman Speaks about Open Intellectual Property Strategies at the Ministry of Productive Development of Argentina’s Open Innovation Online Course
Celia Lerman Will Teach About The Role Of Intellectual Property In The Open Innovation Online Course – Ministry Of Productive Development Of Argentina
The Argentine Supreme Court Allows E-Mail Filings for Complaints and Electronic Issuance of Judicial Decisions
Lerman & Szlak advised INVENTU and the National University of Rosario on Open Source Intellectual Property for their innovative respiratory emergency device
Creation of the Committee of Evaluation and Supervision of the Emergency Assistance Program for Jobs and Industry
Impact of the actions taken by the Government in the context of Sanitary Emergency caused by COVID-19
Lerman & Szlak advises Worcket, Argentine Start up combining HR and AI on its new investment round for US $ 1.5 million
Gabriela Szlak was part of the Experts Team, together with Mark Datysgeld and Andrew Mack, that presented a Study on “Building Sustained Business Constituency participation in Latin America”
Gabriela Szlak spoke on Data Protection and GDPR at the Argentine Direct Marketing Association (AMDIA) Email Summit, with Outstanding Possitive Feedback from the Audience
Gabriela Szlak Will Speak about New Trends on Data Protection and GDPR at the Email Summit Organized by AMDIA
