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Obligation to deposit a company’s financial statements

Under article 289 of the Commercial Code, all companies under supervision (vigiliancia) or control of the Superintendence of Companies must deposit before this entity their certified and audited 2018 financial statements, in accordance with articles 37 and 38 of Law 222, 1995.

The term to comply with this obligation depends on the last two numbers of the tax identification number (NIT), according to the Circular Básica Jurídica 201-000005, 2018.

Last two numbers of the tax identification number (NIT)

Deadline to present information

Last two numbers of the tax identification number (NIT)

Deadline to present information

01-05

Wednesday 27 March

51-55

Wednesday 10 April

06-10

Thursday 28 march

56-60

Thursday 11 April

11-15

Friday 29 march

61-65

Friday 12 April

16-20

Monday 01 April

66-70

Monday 22 April

21-25

Tuesday 02 April

71-75

Tuesday 23 April

26-30

Wednesday 03 April

76-80

Wednesday 24 April

31-35

Thursday 04 April

81-85

Thursday 25 April

36-40

Friday 05 April

86-90

Friday 26 April

41-45

Monday 08 April

91-95

Monday 29 April

46-50

Tuesday 09 April

96-00

Tuesday 30 April

Within two (2) working days after the aforementioned term expires, the documents provided in subsection 1.3 of the Circular Básica Jurídica 201-000005, 2018 must be delivered to the Superintendence of Companies. Those documents are: certificated financial statements and its footnotes in the case of companies under inspection, and the management report and opinion of the fiscal auditors additionally in the case of companies under surveillance or control of said Superintendence.

If the company fails to comply with this obligation, the deposit of the financial statements will be considered overdue, which can cause fines for up to 200 minimum monthly wages (aprox. USD 55.200).

Authors

Juan Camilo Rodríguez
Juan Camilo Rodríguez, LL.M.
Managing Partner
Bogotá
Andrea Zúñiga
Andrea Zúñiga, LL.M.
Associate Director
Bogotá
Daniel Duque
Daniel Duque
Associate
Bogotá
Ricardo José Díaz
Ricardo José Díaz
Associate
Bogotá
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