Atlas · Accounting
Publicly traded company with over 30% of net equity in controlled entities must prepare consolidated statements
AnswerA publicly traded company with over 30% of its net equity represented by investments in controlled entities must prepare and disclose consolidated financial statements.
Reviewed on 2026-10-02 · next review 2027-04-02
Data
| Who | Criterion | Consequence | Source | Data date |
|---|---|---|---|---|
| Publicly traded company | More than 30% of net equity value represented by investments in controlled entities | Prepare and disclose, along with its financial statements, consolidated statements | Lei 6.404/1976, art. 249 | 15/12/1976 |
Data consulted on 02/10/2026.
Basis
- Lei n.º 6.404/1976, compiled (Planalto, in Portuguese): Article 249 establishes the mandatory preparation and disclosure of consolidated statements for any publicly traded company with more than 30% of its net equity value represented by investments in controlled entities.
- Lei n.º 6.385/1976 (Planalto, in Portuguese): Provides for the securities market and creates the Brazilian Securities and Exchange Commission (CVM).
How it applies
The obligation applies to a publicly traded company that holds more than 30% of its net equity value represented by investments in controlled entities. Under these circumstances, the company must prepare and disclose consolidated statements alongside its financial statements, observing the terms of Article 250 of Lei 6.404/1976. The Brazilian Securities and Exchange Commission may issue standards regarding the companies whose statements must be included, determine the inclusion of financially or administratively dependent entities even if not controlled, or authorize the exclusion of controlled entities in special cases.
Limits
- The exclusion of one or more controlled entities or the inclusion of dependent entities is subject to authorization or determination by the Brazilian Securities and Exchange Commission, as provided in the sole paragraph of Article 249.
- This factsheet covers exclusively the consolidation rule based on the percentage of interest in controlled entities provided for in the corporate legislation cited.
- Subsequent changes in federal legislation and Brazilian Securities and Exchange Commission standards must be verified in official Planalto and CVM sources.