Companies Law

Financial Statements and Report on Company Activities At the end of the company’s fiscal year, a simplified joint-stock company’s president, manager, or board of directors, as the case may be, shall prepare the company’s financial statements as well as a report on its activities and financial position for the ending fiscal year. The report shall include a proposal on the manner of distributing dividends, if any. Such documents and the auditor's report, if any, shall be presented to the shareholders within six months from the date on which the company's fiscal year ends. The president, manager, or board of directors, as the case may be, shall deposit said documents as determined by the Regulations. Companies Law