3851

(a) Every corporation organized under the laws of the Commonwealth shall annually submit at the office of the Department of State, or over the Internet when the service becomes available, not later than the fifteenth (15th) day of April, a report certified, under penalty of perjury, pursuant to subsections (a) and (b) of § 3503 of this title, by an authorized official, a director or the incorporator.\nThe report shall contain:\n(1) A financial statement prepared in accordance to generally accepted accounting principles showing the financial condition of the corporation at the close of its operations, duly audited by a certified public accountant licensed by the Commonwealth, who is neither a stockholder nor an employee of such corporation, together with the corresponding opinion of such certified public accountant.\nNonprofit and noncapital stock corporations and for-profit corporations whose volume of business does not exceed three million dollars ($3,000,000) shall be required to render a financial statement prepared by a person with general accounting knowledge in accordance with generally accepted accounting principles.\n(2) A list of the names and mailing addresses of two (2)

der a financial statement prepared by a person with general accounting knowledge in accordance with generally accepted accounting principles.\n(2) A list of the names and mailing addresses of two (2) officers of the corporation, including he/she who signs the report, holding office on the date of the filing of the report and the expiration dates of their respective offices.\n(3) Such other information which the Secretary of State may require. This report shall be accompanied by an internal revenue voucher for the filing fees, as provided in § 3901 of this title.\n(b) Every corporation organized under the laws of the Commonwealth shall keep and maintain in Puerto Rico such accounting books, documents and records (including inventory records) which suffice to:\n(1) Clearly establish the amount of gross income and deductions, credits and other details concerning the operations inside and outside of Puerto Rico, which must appear on the income tax returns which they file in the Commonwealth, and\n(2) clearly show the amount of its investments inside and outside of Puerto Rico, the property owned by the corporation and the amount of the capital invested in conducting business inside

alth, and\n(2) clearly show the amount of its investments inside and outside of Puerto Rico, the property owned by the corporation and the amount of the capital invested in conducting business inside and outside of Puerto Rico.\nHistory —Dec. 16, 2009, No. 164, § 15.01; June 12, 2010, No. 60, § 1.