Statutory audit firms that, under Article 4 of Decree-Law No. 49381 of 15 November 1969, are performing the functions of a supervisory board on the date of entry into force of this law shall continue to perform those functions until the company has a supervisory board or a general board, and the election of that board must be held by the end of the calendar year following that of the entry into force of this law.
As sociedades de revisores oficiais de contas que, ao abrigo do artigo 4.º do Decreto-Lei n.º 49381, de 15 de Novembro de 1969, estiverem, à data da entrada em vigor desta lei, a exercer funções de conselho fiscal manterão essas funções até que a sociedade tenha conselho fiscal ou conselho geral, devendo a respectiva eleição ser realizada até ao fim do ano civil seguinte ao da entrada em vigor desta Lei.
The reference to Article 4 of Decree-Law No. 49381 of 15 November 1969, the continuation of functions until a supervisory board or general board exists, and the election deadline (end of the calendar year following entry into force) 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.