Colombian Non-Profit Organizations
There are 3 main duties:
Every Non-Profit Organization has the obligation to annually renew its Commercial Registration and that of his or her commercial establishments. The renewal must be carried out the first three months of the year, i.e., no later than March 31, 2021.
Each Non-Profit Organization must summon to an ordinary meeting of its Highest Executive Body, within the first three months of the year or the term established in their statutes in order to consider the annual financial statements and management reports, appoint legal representatives and statutory auditors, among other matters.
Non-Profit organizations must submit financial information, management reports, budget reports, among others, no later than April 30 of 2021, with the authority or agency that exercises inspection, surveillance or control over its activities.