Financial statements available to shareholders and members (LGS art. 67)
Section 67 of the General Companies Law requires copies of the balance sheet, income statement, statement of changes in equity, notes, management report and statutory auditor's report to be kept at the registered office and made available to shareholders or members at least fifteen days in advance.
What article 67
Section 67 requires financial statements to be made available in advance and subsequently filed.
Copies of the balance sheet, income statement, statement of changes in shareholders' equity, notes, supplementary information and schedules shall be kept at the registered office and made available to shareholders or members not less than fifteen (15) days before they are considered. Where applicable, the management report and the statutory auditors' report shall also be made available.
Source: Law 19,550, art. 67 - InfoLEG (updated official text)
Commentary
This safeguards the shareholder's or member's right to information before the meeting considering the financial statements: fifteen days to review them. Failure to comply may taint the call and support a challenge to the meeting approving the financial statements.
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