Incorporations, whether private or public, usually require a BOD,
President, etc. People come and go, just like here. In that case,
a company would need to put a new Pres as the old one leaves.
A state SOS require current forms to keep a corporation active
on their books otherwise a company's registration would expire.
Companies have SOS obligations to exists as business, period.
State obligations for incorporated entities precede most higher
obligations. Federal demands (SEC, etc.) are a separate issue.
Vilacto was just doing the most basic of incorporation demands.
Today is just over a day for VIBI to answer the SEC before the
full effect of their order kicks in. Congrats to those who got out.
Those left with untradeable shares could take a 2021 tax loss.
News 
Market Data 
Discover 
AI
