Chapter VII · Disclosure of holdings and misuse of information

Article 450 Judicial inquiry

Artigo 450.º · Inquérito judicial

Código das Sociedades Comerciais · Decree-Law No. 262/86 · consolidated text checked 26 October 2026

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1. For the purposes of paragraphs 1 and 2 of the preceding Article, any shareholder may apply for an inquiry, in the course of which the removal of the offender from office shall be ordered where appropriate.

1 - Para os efeitos dos n.os 1 e 2 do artigo anterior, qualquer accionista pode requerer inquérito, em cujo processo será ordenada a destituição do infractor, se disso for caso.

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2. In the same proceedings, the offender may be ordered to compensate the injured parties, under the terms of the preceding Article.

2 - No mesmo processo pode o infractor ser condenado a indemnizar os prejudicados, nos termos previstos no artigo anterior.

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3. The inquiry may be applied for up to six months after the publication of the annual management report in whose annex the acquisition or disposal is shown.

3 - O inquérito pode ser requerido até seis meses depois da publicação do relatório anual da administração de cujo anexo conste a aquisição ou alienação.

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4. For five years from the commission of the acts justifying the removal, the persons removed from office may not hold office in the same company or in another company in a relationship of control or a group relationship with it.

4 - Durante cinco anos a contar da prática dos factos justificativos da destituição, as pessoas destituídas não podem desempenhar cargos na mesma sociedade ou noutra que com ela esteja em relação de domínio ou de grupo.

What we checked in this article

The standing of any shareholder, the six-month period from publication of the annual management report and the five-year disqualification from office in the same company or a controlled or group company are retained.

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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.

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