3 June of 2020
New deadlines for business reorganization processes

Deadlines established in External Circular Letter 100-000006 of August 8, 2016 on the information that debtors under negotiation or in execution of a reorganisation agreement must present to the Superintendence of Corporations on a trimester basis have been modified. The new terms are as follows:
Companies, Unipersonal Companies and branches of foreign companies

  • Deadline for submission of financial information in the report entitled "Recovery Arrangements" for the trimester from 1 January to 31 March 2020: Friday 12 June 2020.

Other types of debtors:

  • Other persons admitted to a reorganization process must send the financial statements referred to in numeral 5 of article 19 of Law 1116 of 2006 in PDF, scanned from the original that has been subscribed through the email webmastersupersociedades.gov.co, complying with the following deadlines:
  1. 2019 year-end information: Friday, June 5, 2020
  2. Information for the trimester from 1 January to 31 March 2020: Friday 19 June 2020.
  • Debtors who are not required to keep accounting records and who were admitted to a reorganization process must submit the certifications indicated in paragraphs c) and d) of numeral 5 of External Circular Letter 100-000005 of August 8, 2016, complying with the following terms:
  1. Information as of December 2019: Friday 5 June 2020
  2. Information as of 31 March 2020: Friday 19 June 2020

The other instructions given in External Circular 100-000005 of 8 August 2016 remain unchanged.  

 

 

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