Atlas · Joint-stock companies
First convocation of a general meeting in a public company requires a minimum of 21 days' notice
AnswerThe first convocation of a general meeting in a public company must be made with a minimum of 21 days' notice from the first announcement.
Reviewed on 2026-10-02 · next review 2027-04-02
Data
| Who | Criteria | Minimum Notice | Source | Data Date |
|---|---|---|---|---|
| Public company | First convocation | 21 days | Lei 6.404/1976, art. 124, § 1.º, II | 25/08/2021 (text of Lei 14.195) |
| Public company | Second convocation | 8 days | Lei 6.404/1976, art. 124, § 1.º, II | 25/08/2021 (text of Lei 14.195) |
Data consulted on 02/10/2026.
Basis
- Lei n.º 6.404/1976, compiled (Planalto, in Portuguese): Article 124, § 1.º, item II establishes the advance notice deadlines for general meetings in public companies.
How it applies
The convocation must be made via an announcement published at least three times. The announcement must state the location, date, and time of the meeting, and the agenda. In the case of by-law amendments, it must also specify the subject matter. The notice period is counted from the date of the first announcement. If the meeting does not convene on the first call, the second convocation must observe a minimum notice of 8 days. Regardless of formalities, a general meeting is considered valid if all shareholders are present.
Limits
- This sheet does not cover specific rules for debenture holder meetings, which follow distinct regulations under Art. 124, § 2.º, of Lei 6.404/1976.
- This sheet does not address CVM's powers to determine the postponement or interruption of the convocation period, as provided in Art. 124, § 5.º.
- Information is based on current legislation; subsequent amendments and complementary CVM regulations should be verified on the official source.