Wealth imbalance

In accordance with the provisions of the General Law of Companies (LGS), the General Shareholders' Meeting must meet at least annually, within the last three months of its fiscal year, in what is known as the Annual Mandatory Meeting. (JOA).
Very frequently, and even more so during the crisis caused by the covid-19 pandemic, it happens that, at the time of formulating the financial accounting information, the Board of Directors detects that the losses generated in that year or those carried over from previous years are affecting equity. of the company, putting it in a situation of patrimonial imbalance.