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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Two or more persons are necessary to organize a business company that is a legal entity under the law. Term search Jobs Translators Clients Let. The shareholders in such entities receive shares in the new entity in proportion to their respective holdings, at the exchange relation provided for the purpose. In this argebtina, an application should also be submitted to the relevant controlling authority for approval of the change of shareholder.
The bodies expressing the corporate will at an S. 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. Business Companies and Other Investment Vehicles The LSC regulates different entity types and other contractual systems whereby an investment can be channeled in Argentina.
A regularly organized business company argenttina a written contract registered with the Public Registry of Commerce relating to the address chosen by the entity.
Ley Nº 23576
The equity must be fully subscribed at the time of entering into the organization agreement. 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. That is how I learnt it while studhying to become a Legal Translator thirty-five years ago. The first is preparing and conducting a suitable due diligence process on the target company, so as to identify its main contingencies and risks.
Under section 7 of the Law, an economic concentration is prohibited if its only purpose or effect is or could be to restrict or distort competition, in a manner that harm may result to the general economic interest. Post Your ideas for ProZ. Review native language verification applications submitted by your peers.
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art. 234 Inc. 1ro. Ley 19,550
Its effect upon third parties is subject to the document being entered into in writing and registered with the RPC. Subject to compliance with certain requirements, the transaction will obtain a tax treatment that is advantageous to the absorbing entity.
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An ongoing concern comprises all the tangible and intangible property that is a part of a certain business concern.
A shareholder may be represented at a meeting but may not be a representative on behalf of a director, a controller, a manager or any other employee of the SA. 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 argentiha transaction, in which case the entity must be notified under section of the LSC.
doing business in argentina
In the case of an entity that already exists in Argentina, which has a similar corporate purpose, we must review if the acquisition must be reported for approval by the National Commission for Defense of Competition CNDCas controlling authority of the Law for Defense of Competition. In a merger, an existing entity absorbs the assets and liabilities of one or more entities that are subsequently dissolved.
In order for the lfy of an ongoing concern to be valid in relation to third parties, the Law No 11, provides that the transaction must be advertised in the Official Journal during five days. The UTE may consist of entities organized in Argentina, individual business persons with domicile therein, and entities organized abroad, provided that they register under sectionparagraph 3 of the LSC.
An entity having a commercial purpose, which does not fulfill such requirements, is considered by the LSC as a non-regularly organized entity.
The main features of this type argenhina 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.
Los 6 puntos relevantes del proyecto de Ley de Emprendedores – Infobae
Based upon the cashflow resulting from the transferred assets, the Trustee issues debt notes or interest certificates backed by the trust property. Both basically limit the liability of a shareholder or partner to the payment of the committed contributions. We will discuss each of these questions below. Upon the lapse of such term, if no decision has been made on the matter, the transaction is deemed implicitly approved. The practical importance of a trust is that the property transferred in trust is kept separate from the property of the trustee and the grantor.
Non-money contributions must be fully paid-in at the time of registration.