Atlas · Corporations
Maximum total of 90 days per year for suspending certificate transfer, conversion, and stock split services
AnswerThe maximum total suspension period for certificate transfer, conversion, and stock split services by a public company is 90 days per year, with each period lasting no more than 15 days.
Reviewed on 2026-10-02 · next review 2027-04-02
Data
| Who | Criterion | Consequence | Source | Data date |
|---|---|---|---|---|
| Public company | Suspension of certificate transfer, conversion, and stock split services | Each suspension period cannot exceed 15 days | Lei 6.404/1976, art. 37 | 15/12/1976 |
| Public company | Suspension of certificate transfer, conversion, and stock split services | The total suspension cannot exceed 90 days during the year | Lei 6.404/1976, art. 37 | 15/12/1976 |
Data consulted on 02/10/2026.
Basis
- Lei n.º 6.404/1976, compiled (Planalto, in Portuguese): Article 37 establishes that a public company may suspend, via communication to stock exchanges and publication of an announcement, certificate transfer, conversion, and stock split services for periods of up to 15 days each, not exceeding 90 days total during the year.
How it applies
A public company wishing to suspend certificate transfer, conversion, and stock split services must meet two procedural requirements: communicate with the stock exchanges where its shares are traded and publish an announcement. Additionally, it must simultaneously respect the individual limit of 15 days per suspension and the cumulative annual cap, which cannot exceed 90 days in total.
Limits
- Suspension applies exclusively to public companies, as provided in the legal provision.
- The suspension does not affect the registration of share transfers trading on the exchange prior to the start of the suspension period.
- This sheet is restricted to the deadlines and services expressly indicated in Article 37 of Lei 6.404/1976.
- The versions read are those published by Planalto; subsequent changes must be verified at the source.