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Legal, tax, and compliance teams managing corporate obligations must understand the Annual General Meeting in Bolivia. From convening rules and shareholder rights to strict filing obligations, this article outlines everything professionals need to stay compliant and well-prepared when coordinating AGMs in Bolivia.
When must an Annual General Meeting in Bolivia be held?
The Annual General Meeting in Bolivia must take place within three months after the end of the fiscal year. While the law doesn’t explicitly mention penalties for a delayed meeting, failing to submit the associated documentation can trigger serious consequences, particularly for company officers.
Who is responsible for calling the meeting?
Calling an Annual General Meeting in Bolivia requires:
- Three non-consecutive publications in a national newspaper.
- Final notice published between five and thirty days before the meeting.
- Details must include the agenda, time, location, and participation requirements.
- For a second call, two notices suffice, the last at least three days prior, clearly stating it’s a reconvening.
If all shareholders are present, the meeting can take place without any formal call.
What is the required quorum?
The quorum is typically met when at least half of the company’s capital is represented, unless the company’s internal rules require a higher threshold. Shareholders may attend either in person or through a representative, depending on the rules in the company’s governing documents.
Each shareholder has one vote per share, unless limitations are specified in the articles of incorporation.
What is decided during the AGM?
The Annual General Meeting in Bolivia, addresses:
- Approval of the annual financial statements and trustees’ report.
- Decision on profit distribution or handling of losses.
- Appointment or dismissal of directors and trustees, and their remuneration.
- Evaluation of liabilities of directors or trustees, if needed.
Once dividends are approved, shareholders gain a credit right to receive their share, paid in cash unless agreed otherwise. Distributions must follow the proportion of paid-up capital.
Are there signature and filing requirements?
While the law does not define signatories for AGM documents, handwritten signatures are required for all documents filed with the public register. Other internal documents, such as proxies, may be signed electronically.
Timely filings are critical. Failure to submit AGM-related documentation leads to automatic suspension of the company’s president and manager for up to six months. During this period, the annual report must be published.
What’s next?
Managing an Annual General Meeting in Egypt requires detailed planning and full legal awareness. For more insights into processes in other jurisdictions, explore our article Swapping Directors in South Africa? Don’t Miss These Steps.
Klea transforms entity management by offering centralised governance, automated compliance, and secure collaboration tools. For this reason, businesses looking for an efficient, scalable solution can take the following actions:
Request a demo – See Klea in action for your organisation
Start a trial – Experience firsthand how automation cuts workload and increases efficiency
Talk to our experts – Receive tailored guidance for your entity management needs
Company secretarial software solutions play a crucial role in modern businesses that require structured governance, consistent compliance, and accurate legal entity management. With Klea, organisations can ensure corporate governance remains efficient, transparent, and risk-free.
Legal Disclaimer
The information provided on Klea’s website is made available “as is” for informational purposes only. Klea does not provide legal, tax, or financial advice and is not responsible for any actions taken or not taken based on the content found on this website. In no event shall Klea be liable for any loss or damages arising from reliance on the information contained herein.
For specific legal or compliance support tailored to your business needs, please contact Klea directly. Our team provides personalised guidance and expert solutions. Any reliance on general content without direct consultation does not establish any legal responsibility or liability on Klea’s part.