On March 31, the Council of Ministers of Spain approved a Royal Decree Law introducing urgent complementary measures in the social and economic sphere to deal with COVID-19, strengthening those that had already been adopted. They are part of a complete economic and social package intended to protect and support the productive and social fabric, as well as to minimize the impact of the situation and facilitate economic activity as soon as the public health emergency is left behind.
Cooperatives, associations and foundations
This royal decree foresees actions from the governing and administrative bodies of associations, civil and mercantile societies, governing councils of cooperative societies and foundation trusts, establishing the possibility of organizing meetings by videoconference with written votes, even if these had not been taken into account in the statutes.
The management report and other compulsory documents, depending on company legislation, are also suspended until the state of alarm ends and will only be resumed another three months from that date. Deadlines are being established for the approval of the accounts of the previous campaign.
Moreover, a six-month extension is established (counting from the end of the state of alarm) for the reimbursement of contributions to cooperative members dropping out during the validity of the state of alarm.
Seasonal agricultural productions
There are also some remarks regarding the extraordinary aid for cessation of activity, which is regulated in the royal decree that was used to declare the state of alarm. For seasonal agricultural productions, such as for cut flowers, it is established that they will qualify for this form of aid when the average turnover in the months of the production campaign is reduced by at least 75% in relation to the same months of the previous year. This will be accredited with the accounting information that justifies it.
For more information:
Ministry of Agriculture, Fisheries and Food
Pº de la Infanta Isabel, 1 28071 - Madrid
Tel.: +34 91 347 51 45 / 4580