{"id":877,"date":"2020-06-24T13:59:49","date_gmt":"2020-06-24T16:59:49","guid":{"rendered":"http:\/\/zaslaw.com.br\/direito-de-acionistas-minoritarios-cvm\/"},"modified":"2021-09-16T20:26:44","modified_gmt":"2021-09-16T23:26:44","slug":"direito-de-acionistas-minoritarios-cvm","status":"publish","type":"post","link":"https:\/\/zancan.com.br\/en\/direito-de-acionistas-minoritarios-cvm\/","title":{"rendered":"MINORITY SHAREHOLDERS\u2019 RIGHTS – CVM"},"content":{"rendered":"

Published in the Official Gazette of the Federal Executive on June 22, 2020, CVM Normative Ruling No. 627 (\u201cICVM 627\/20\u201d) reduced the minimum percentage of shareholders\u2019 participation on publicly-held companies\u2019 capital stock for the exercise of certain shareholders’ rights.<\/p>\n

As provided for in ICVM 627\/20, minority shareholders that hold or represent the new minimum percentages related to the capital stock of the publicly-held company may exercise the following rights: a) requesting the exhibition of the company\u2019s books; b) convening a general meeting if the management of the company fails to timely comply with such request; c) requesting information from an administrator related to his legal duty to inform; d) filing of an action against the company\u2019s management; e) requesting information from the fiscal council on matters within its competence; and f) filing a liability action against the controlling company without the provision of collateral.<\/p>\n

For the exercise of the minority rights listed above, ICVM 627\/20 establishes the minimum percentage of participation in the capital stock in relation to the investee company’s capital stock:<\/p>\n\n\n\n\n\n\n\n\n
Capital Stock Range (R$)<\/strong><\/td>\nMinimum Percentage (%)<\/strong><\/td>\n<\/tr>\n
0 to 100,000,000<\/td>\n5<\/td>\n<\/tr>\n
100,000,001 to 1,000,000,000<\/td>\n4<\/td>\n<\/tr>\n
1,000,000,001 to 5,000,000,000<\/td>\n3<\/td>\n<\/tr>\n
5,000,000,001 to 10,000,000,000<\/td>\n2<\/td>\n<\/tr>\n
higher than 10,000,000,000<\/td>\n1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Lastly, the ICVM 627\/20 shall enter into force on July 1st, 2020.<\/p>\n

If you have any questions or need more information and clarifications, please contact us:<\/p>\n

Jarbas Velloso\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Marcel Kim Dib<\/p>\n

jv@zaslaw.com.br<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0mkd@zaslaw.com.br<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Published in the Official Gazette of the Federal Executive on June 22, 2020, CVM Normative Ruling No. 627 (\u201cICVM 627\/20\u201d) reduced the minimum percentage of shareholders\u2019 participation on publicly-held companies\u2019 capital stock for the exercise of certain shareholders’ rights. As provided for in ICVM 627\/20, minority shareholders that hold or represent the new minimum percentages […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-877","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nMINORITY SHAREHOLDERS\u2019 RIGHTS - CVM - Zancan, Almeida e Silva Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zancan.com.br\/en\/direito-de-acionistas-minoritarios-cvm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MINORITY SHAREHOLDERS\u2019 RIGHTS - CVM - Zancan, Almeida e Silva Advogados\" \/>\n<meta property=\"og:description\" content=\"Published in the Official Gazette of the Federal Executive on June 22, 2020, CVM Normative Ruling No. 627 (\u201cICVM 627\/20\u201d) reduced the minimum percentage of shareholders\u2019 participation on publicly-held companies\u2019 capital stock for the exercise of certain shareholders’ rights. 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