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New changes in the reservoir and advertising of the Annual Accounts

The Capital Companies Act, LSC, provides the roadmap of the Annual Accounts as follows:

In relation to the phases of the deposit and advertising annual accounts, the current wording of the LSC provides:

• Deposit accounts.

Within one month following approval of annual accounts will be submitted for deposit in the commercial register of established certification of the agreements of the general meeting for approval of annual accounts and implementation of the outcome and, where appropriate, consolidated accounts, which are attached a copy of each of these accounts and management report and auditors report, where the company is obliged to audit or have practiced it at the request of the minority. If one or more of the annual accounts had been made for short, shall be so stated in the certificate stating the cause.

Rating registration.

1. Within fifteen days of the filing date of the entry, the Registrar shall consider under its responsibility if the documents are required by law, if properly approved by the board and if they comprise the required signatures. If no defects estimate it will have for the deposit, practicing the corresponding entry in the book of deposit accounts and the road to which the company depositor. Otherwise, proceed as provided for defective titles.
2. The Registry shall keep the documents filed during the period of six years.

• Advertising deposit.

1. the first working day of each month, Commercial loggers sent to the Central Registry a list of companies who have served during the month preceding the obligation to deposit the annual accounts. The Trade Register Gazette will publish the announcement of the companies had complied with the obligation of deposit.
2. Any person may obtain information from all documents filed.

However, Cabinet February 18 approved the submission to the Parliament of the Bill of partial reform of the Companies Act and the incorporation capital of EU Directive of 11 July 2007 on the exercise of certain rights of shareholders in listed companies that reports on advertising deposit and annual accounts, the following modifications:

1. eliminates the requirement is of that the firm managers have to be the subject of legalization .
2. publication is deleted in the Official Register of announcement that companies had complied with the obligation of filing , whose futility is revealed.

Related Entries:

• Royal Decree 1 / 2010, dated 2 July, approving the text of the Companies Act Capita l (BOE, pdf).
• New Capital Companies Act .
• The deposit accounts in the new Companies Act Capital.
• The right of first refusal in the new Companies Act Capital.
• conflict of interest in the new Companies Act Capital. Company Information
• in the new Companies Act Capital.