What a company files in Georgia [GE]

Article 9(2) puts the obligation on «an entity (except for a non-entrepreneurial (non-commercial) legal entity)», so it reaches every commercial entity regardless of size, including enterprises of the third and the fourth categories. What differs by size is the CONTENT, not the duty: the management report is owed only by PIEs and first- and second-category enterprises (Article 7(1), recorded as a separate item), and the audit report only where Article 6 requires an audit (also a separate item). Size also changes what happens afterwards, not when: under Article 9(3) the Service issues the statements it receives within one month «except for statements of enterprises of the fourth category». One variant must not be overlooked: an entity whose reporting period does not coincide with the calendar year is on a nine-month count from the end of its own reporting period under Article 9(4), not on the 1 October date recorded here. Article 9(2) also names a «report on payments to the State determined by this Law» as part of the same submission; the provision that determines which entities owe that report was not read for this record.

The threshold field is a coarse filter and the real test is in this note. Article 6(1): «PIEs, enterprises of the first and the second categories, and groups of the first and the second categories shall ensure the conduct of audits of their financial statements/consolidated financial statements», and Article 6(3) releases «enterprises of the third and the fourth categories and non-entrepreneurial (non-commercial) legal persons» from that obligation, in both cases «unless otherwise determined» by sectoral legislation. Size is not measured on one number: Article 2 defines each category as an entity whose indicators at the end of the reporting period «meet at least two criteria out of those three». A third-category enterprise is one that meets at least two of: assets not over GEL 10 million, revenue not over GEL 20 million, employees on average not over 50. An entity that falls outside the third and fourth categories is therefore a second- or first-category enterprise and is audited, which is why the revenue figure recorded above is the third-category revenue ceiling of GEL 20 million and the test is «strictly greater». An entity may be caught on the asset or the headcount criterion with revenue below that figure, so the threshold must not be read as the only trigger. Two further rules change the answer: a PIE is audited whatever its size — Article 2(1)(x) lists an accountable enterprise whose securities are admitted to trading on a stock exchange, a commercial bank, a microbank, a microfinance organisation, an insurer, a pension company, an authorised investment company, a licensed asset management company, a non-bank deposit institution (credit union), and a person designated as a PIE by the Service on Government-approved criteria — and Article 6(4) extends the obligation «to entities that are subsidiary companies within a group», so a small subsidiary of a large group is not released by its own size. DISCREPANCY BETWEEN PRIMARY SOURCES, NOT RESOLVED HERE: the Law of Georgia on Entrepreneurs, Article 56(2), in the English text published by the official legislative publisher, reads «A public-interest entity determined by the Law of Georgia on Accounting, Reporting and Audit, which is a category I or II undertaking, shall ensure the annual auditing of its financial statements/consolidated financial statements» — a narrower rule that would audit only a PIE that is also a first- or second-category undertaking, where Article 6(1) of the Accounting Law audits a PIE and a first- or second-category enterprise independently of each other. Both readings are left standing here; this page does not choose between them.

Article 7(1): «PIEs and enterprises of the first and the second categories shall prepare a management report and present it to the Service», so third- and fourth-category enterprises owe the financial statement but not this report. The threshold recorded above is the same coarse filter as for the audit — the third-category revenue ceiling of GEL 20 million — and the real test is the two-of-three category rule of Article 2 plus PIE status regardless of size; Article 7(12) extends the article to «the categories of those groups that meet the criteria of the enterprises of the first and second categories». What goes into the report is itself tiered, so the duty is not uniform among those who owe it: the review of activities is prepared by PIEs and first- and second-category enterprises (Article 7(3)); the corporate governance report only by a person under Article 2(1)(x.a), that is an accountable enterprise whose securities are admitted to trading on a stock exchange (Article 7(4)); and the non-financial statement only by «a PIE that complies with the size category of an enterprise of the first category, and, in addition, has over 500 employees on average, within the reporting period» (Article 7(5)). Two reliefs matter in practice: a subsidiary is not obliged to file the non-financial statement if the information is in the group's consolidated statement (Article 7(9)), and an entity is exempt from recording the information in a management report at all if it is given in the financial statement in the manner of Article 9(2) (Article 7(11)). PIEs and second-category entities must additionally submit the report to the auditor, who expresses an opinion on parts of it (Article 7(10)).

Only PIEs. Article 9(5): «PIEs are obliged to publish the statements (including the consolidated statements) provided for by paragraph (2) of this article, on its own website or in a print publication.» A PIE under Article 2(1)(x) is an accountable enterprise whose securities are admitted to trading on a stock exchange; a commercial bank; a microbank; a microfinance organisation; an insurer; a pension company; an authorised investment company; a licensed asset management company; a non-bank deposit institution (credit union); or a person defined as a PIE by the Service on criteria approved by the Government. Most of that list is a licensed or otherwise regulated activity, which is why the scope is recorded as licensed rather than as a size threshold, but the last limb means an ordinary company can be brought in by the Service's designation, and PIE status does not depend on size. Article 9(5) does not set its own date and fixes the content by reference to the statements of Article 9(2); a regulatory or supervisory body may, in agreement with the Service, restrict publication of the Article 7 information where disclosure would threaten financial stability (Article 7(13)).

Article 36 sits in Chapter VI of the Law of Georgia on Entrepreneurs, on the bodies of a company, and therefore reaches the company forms the Law recognises and not an individual entrepreneur, who has no partners and no general meeting. Article 36(2): «A company shall hold a regular general meeting at least once a year, not later than within six months after drawing up the annual balance sheet.» Two things about this deadline must not be smoothed over. First, it does not run from the end of the financial year and it does not run from a calendar date: it runs from the day the annual balance sheet is drawn up, and the Law as read sets no deadline for drawing the balance sheet up, so the start of the six months is a date the user must supply. Second, «at least once a year» is an independent limb: a company that drew up no balance sheet still owes a meeting within the year. The forms listed here are those the chapter covers as read; the specific list of entrepreneurial forms in the Law's own definitions was not quoted verbatim for this record, so the list is not a verbatim quotation of the Law's definitions.

No date can be derived here. This deadline runs from something this page does not know — the financial year the company itself elects, or an event only you can date. What is published is the rule, not the day.