Tag Archives: business alerts

ILN Today Post

KLA Alert – Business Law – April 2016

A legislação brasileira determina que, anualmente, os sócios/acionistas das sociedades empresárias devem se reunir para tomar as contas da administração, deliberar sobre as demonstrações financeiras e os resultados econômicos da sociedade, bem como definir a destinação dos resultados do exercício social.

As reuniões ou assembleias gerais anuais devem ocorrer nos 4 meses seguintes ao término do exercício social. No Brasil, o término do exercício social costuma coincidir com o término do ano civil, ou seja, em 31 de dezembro e, portanto, as reuniões ou assembleias gerais anuais geralmente devem ocorrer até 30 de abril de cada ano.

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Regulation A+ is on the Horizon: Is it a Game-Changer for Private Company Capital Formation?

March 24, 2014 marked the end of the Securities and Exchange Commission’s (SEC) public comment period for its proposed rules to implement Title IV of the Jumpstart Our Business Startups Act of 2012 (the JOBS Act). The overarching goal of the JOBS Act is to promote job growth by easing regulatory requirements for capital formation.

BACKGROUND

All issuers of securities must either (1) conduct a public offering by registering the securities with the SEC, which is expensive, time-consuming, and increases potential legal liability, or (2) issue the securities in accordance with an exemption from registration. Regulation A currently provides one such exemption, but it is little used. Title IV of the JOBS Act, officially titled “Small Company Capital Formation,” mandates changes to current Regulation A of the Securities Act of 1933 (the Securities Act) and has been widely labeled by commentators as Regulation A+. More…

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