7 April 2026, Baku: In accordance with the Law “On Securities Market”, the annual report of a joint-stock company is prepared based on the results of each completed calendar year and approved by the general meeting of its shareholders (except for cases stipulated by the legislation). The reports are submitted to the Central Bank of the Republic of Azerbaijan no later than ten business days from that date. Unless the Central Bank instructs otherwise, the joint-stock company must disclose its annual report on its website (if applicable) and in the media within thirty calendar days of submission.

According to the requirements of the legislation, the annual report of issuers must include a management report, financial statements, and an external auditor's opinion on their verification (except for micro and small businesses).

If joint-stock companies cease entrepreneurial activity for the current year, they are recommended to inform the Central Bank of this decision. They should attach the joint-stock company's general meeting decision and the certificate submitted to the State Tax Service in accordance with Article 16.3 of the Tax Code.

The Central Bank informs issuers that it sends warning letters to joint-stock companies that do not submit their annual reports within the prescribed timeframe. If these reports are not submitted and disclosed to the Central Bank, the issuers will be held administratively liable for this inaction (violation of the law), in accordance with the procedure established by the Code of Administrative Offenses. Therefore, joint-stock companies must comply with the legislation's requirements.

If you have any additional questions, you can contact the Central Bank's 966 "Call Center".

1

242.18 KB