We kindly remind you that, in accordance with the Salvadoran Commercial Code provisions, commercial companies must hold an ORDINARY GENERAL MEETING OF SHAREHOLDERS/PARTNERS no later than May 31, 2025, during which the following matters must be addressed:
– The Directors’ or Sole Administrator’s report, the balance sheet, the income and the changes in equity statements, the external auditor’s report for fiscal year 2024, to approve or disapprove the first four and to take the appropriate measures.
– The appointment and removal of the directors and the External and Tax Auditors (if applicable) for fiscal year 2025.
– The respective emoluments of said administrators and External and Tax Auditors, when they have not been fixed in the corporate agreement.
– The 2024 fiscal year results.
In any case, the appointments or removal of Administrators or External and Tax Auditors must be registered in the Commercial Registry within the period of 10 business days, counted from the date of the respective agreement.
In the specific case of the appointment of the Tax Auditor (if applicable), it must be reported to the Tax Administration by the taxpayer, legal representative, or attorney within 10 business days of the appointment, under penalty of a fine.
We remind you that we are at your service for the corresponding legal advice and necessary arrangements for holding the referenced meeting.
For any needs, you can contact our corporate team: Manuel Telles at mtelles@mayora-mayora.com, Jennifer Rodríguez at jrodriguez@mayora-mayora.com, Andrea Cuellar at acuellar@mayora-mayora.com, or Mario Costa at mcosta@mayora-mayora.com.
For more information, you can reach us through the phone numbers detailed on our website: www.mayora-mayora.com
