{"id":1096,"date":"2026-05-19T10:00:00","date_gmt":"2026-05-19T08:00:00","guid":{"rendered":"https:\/\/www.controlaudit.es\/?p=1096"},"modified":"2026-10-14T09:39:49","modified_gmt":"2026-10-14T07:39:49","slug":"annual-general-meeting-approval-accounts-30-june","status":"publish","type":"post","link":"https:\/\/www.controlaudit.es\/en\/blog\/annual-general-meeting-approval-accounts-30-june\/","title":{"rendered":"Annual general meeting before 30 June: approval of the accounts, allocation of profit or loss and the auditor"},"content":{"rendered":"
In brief<\/b>The ordinary general meeting must be held within the first six months of the financial year, that is, before 30\/06\/2026 if your financial year coincides with the calendar year (art. 164.1 of the Spanish Companies Act, LSC). Notice must be given at least one month in advance in public limited companies (SA) and fifteen days in advance in private limited companies (SL) (art. 176.1 LSC). The meeting approves the 2025 accounts and the allocation of profit or loss, and can also be used to appoint or reappoint the auditor for 2026 (art. 264.1 LSC).<\/div>\n

With the 2025 accounts prepared by the directors and, where applicable, audited, all that remains is their approval by the general meeting. If you have not yet reviewed the documentation, start with our article on what to review in the accounts prepared by the directors before calling the general meeting<\/a>.<\/p>\n

The deadline: the first six months of the financial year<\/h2>\n

The ordinary general meeting, duly convened for that purpose, must be held within the first six months of each financial year in order, where appropriate, to approve the management of the company and the accounts for the previous financial year and to resolve on the allocation of profit or loss (art. 164.1 LSC). For a 2025 financial year ending on 31\/12\/2025, the deadline is 30\/06\/2026.<\/p>\n

Notice of meeting: who, how and how far in advance<\/h2>\n

The meeting is convened by the directors (art. 166 LSC), by means of a notice on the company’s registered website or, if it has none, in the Official Gazette of the Companies Register (BORME) and in a widely circulated newspaper in the province; the articles of association may provide for individual written notice to each shareholder (art. 173 LSC). The notice states the name of the company, the date and time, the agenda and the position of the person convening the meeting (art. 174 LSC), and must mention the shareholders’ right to obtain the accounts, the management report and the auditor’s report free of charge (art. 272.2 LSC).<\/p>\n\n\n\n\n\n\n
Type of company<\/th>\nMinimum notice period<\/th>\nIndicative latest notice date for a meeting on 30\/06\/2026<\/th>\n<\/tr>\n<\/thead>\n
Public limited company (SA)<\/td>\nOne month<\/td>\nAround 30\/05\/2026<\/td>\n<\/tr>\n
Private limited company (SL)<\/td>\nFifteen days<\/td>\nAround 15\/06\/2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The dates are indicative. Where notice is given individually, the period runs from when the notice was sent to the last shareholder (art. 176.2 LSC); allow some margin.<\/p>\n

Approval of the accounts and allocation of profit or loss<\/h2>\n

The annual accounts are approved by the general meeting (art. 272.1 LSC), which also resolves on the allocation of profit or loss in accordance with the approved balance sheet (art. 273.1 LSC). Before distributing dividends, check three limits:<\/p>\n