Justia Argentina. search. My Account. Log In Sign Up. search. Find a Lawyer · Ask a Lawyer Ley Nº Descarga el documento en version PDF. Regimen de Sociedades Comerciales: Ley 19, Texto Ordenado Segun Decreto Con La Incorporacion de Las Leyes 19, Argentina Zunino. Ley de Sociedades Comerciales: Ley Comentada y Concordada: Normativa Complementaria (Serie de Legislacion Comentada) (Spanish Edition) by.
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We must also review if the corporate purpose requires that, the entity whose equity is evidenced by such shares is subject to a controlling authority. An entity having a commercial purpose, which does not fulfill such requirements, is considered by the LSC as a non-regularly organized entity. Mergers There are two ways of effecting a merger under the Argentima In this case, an application should also be submitted to the relevant controlling authority for approval of the change of shareholder.
The CNDC may authorize or deny the transaction, or require compliance with such conditions as this controlling authority determines. A sociedad de responsabilidad limitada is regulated under Sec and subsequent sections of the LSC.
Ley Nº 23576
The main features of this entity type are that the equity is evidenced by shares, and the shareholders limit their liability to the payment of capital subscribed for in the articles of association. That is how I learnt it argentiha studhying to become a Legal Translator thirty-five years ago. Term search All of Aegentina. Once the party has paid in such contribution, it is released from any debt of the entity, except in cases such as abuse, acts or things clearly unrelated to the entity purpose, or deviation from the entity interest.
However, it is considered as an obligor for certain purposes such as employment obligations, social contributions and taxes. I prefer “Act”though. The members of the merged entities receive shares in the surviving entity, at the exchange relation provided for the purpose. Such debt notes or interest certificates must be issued pursuant to a brochure including the issuance conditions. The bodies expressing the corporate will at an S. The LSC provides a procedure to effect mergers, which includes its approval by the members, publication of notices to protect third-party creditors, signing a final merger agreement and registration with the Public Registry of Commerce.
art. Inc. 1ro. Ley 19, | Spanish to English | Business/Commerce (general)
Ongoing Concerns Transfers The Law No 11, regulates the procedure for the transfer of an ongoing argentin. Under section 6 of the Law, economic concentration means taking control of one or multiple businesses, by any of the following: Upon the lapse of such term, if no decision has been made on the matter, the transaction is deemed implicitly approved. However, the entity is jointly, severally and unlimitedly liable for the payment of equity subscribed artentina the other partners.
You have native languages that can be verified You can request verification for native languages by completing a simple application le takes only a couple of minutes. View Ideas submitted by the community. Purchase and Sale of Shareholding Interests 3. Basically, it regulates what are prohibited agreements and practices; dominant market position; concentrations and mergers and their prior administrative control by the controlling authority. Business Companies and Other Investment Vehicles The LSC regulates different entity types and other contractual systems whereby an investment can be channeled in Argentina.
The main features of this type of entity are that the equity is made up of interest shares, and the partners limit their liability to the payment of equity committed at the organization agreement. The contract must include the details of the participants, the address, corporate purpose, term, equity and the type of argentna of the different bodies. It must provide the purpose, term, and name of the Argentiha, a special domicile, the duties accepted, contributions due to a common operating fund, distribution of profits and losses or, as the case may be, of the revenues and expenditures of the association.
Peer comments on this answer and responses from the answerer.
doing business in argentina
This is a federal law that determines permitted types of business associations. Patents, Trademarks, Copyright Law: The capital must be fully subscribed at the time of the organization act.
In the case of an SA, the share transfer must be registered in the Register of Shares kept by the Entity whose shares are the subject of the transaction, in which case the entity must be notified under section of the LSC.
Ley 19, correspondiente al ejercicio finalizado el 31 de diciembre argdntina Login or register free and only takes a few minutes to participate in this question. What is the best aggentina to annotate this in English? Peer comments on this answer and responses from the answerer agree. Chris Lancaster Spain Local time: An ongoing concern comprises all the tangible and intangible property that is a part of a certain business concern.
Both basically limit the liability of a shareholder or partner to the payment of the committed contributions. Spanish term or phrase: The merger mechanism is regulated as an entity restructuring procedure under the Income Tax Law. If the directors argentinna multiple, argsntina majority must have their actual residence in Argentina. This document is only intended to provide guidance on the main topics of Argentine regulations, and does not constitute advice of any kind whatsoever.
Such shares also give rights to increase the holding in proportion to the shares subscribed on each occasion. Subject to such law is an individual or an entity, public or private, for profit or artentina, who does economic business in Argentina, or outside Argentina insofar as the acts thereof may have effects on the Argentine market.
The deposit must be kept for twenty days agrentina the alleged creditors may move for a judicial attachment of such funds. Otherwise, each manager is equally empowered to transact business on behalf of the entity. Shares of common stock entitle the holder to preference in the subscription of new shares of the same class, in proportion with the holding.