Published in the Official Gazette of the Union of April 25 was the rule that amends the Corporations Law, defining the framework for mandatory publications, such as publishing a balance sheet.
The rule raises from R$ 1 million to R$ 10 million the limit on the net equity of a privately held corporation with fewer than 20 shareholders.
The text modifies article 289 of the Corporations Law, altering its means of publication. As a result, it is no longer necessary to publish in an official body of the Union or of the State, but only in a newspaper of wide circulation published in the same locality where the company’s head office is located. These changes come into force on January 1, 2022.
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Source: Conjur
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