Colombian Commercial Code - Decree 410 of 1971 - Book II - Of Corporations - Part II - Inspection and Surveillance Societies - Chapter II - Balances - The Article 289 to Article 293

COLOMBIAN COMMERCIAL CODE

CHAPTER II

Balances

Article 289 .- under surveillance societies sent to the Superintendent copies of year-end balances with the state of the profit and loss account and in any case the cut in December 31 of each year, prepared in accordance with the law. This balance will be "certified".

The Superintendent will make observations of the case, when the balance does not conform to the requirements on the subject.

Article 290 .- Repealed. Act 222 of 1995, Arts. 37 and 38.

Article 291 .- The balance sheet and income statement is appended the following info

rmation:

1. The stock companies indicate the number of shares that is divided capital, face value, and those that have been bought back. If there are preferred shares or distinguished by class or series, specifying the differences or benefits of such agencies;

2. With regard to investments in companies indicate the number of shares, or shares of interest, cost, face value, the corporate name, nationality and the capital of the company which has been made such investment;

3. Details of balance sheet items with their value and expiration date;

4. A study of the accounts that have been important changes in relation to the previous balance, and

5. The credit ratings, yield and liquidity with a comparative analysis of these indices in relation to the last two years.

Article 292 .- Repealed. Act 222 of 1995, Section 242.

Article 293 .- Repealed. Act 222 of 1995, Art 43.