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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art. 234 Inc. 1ro. Ley 19,550
English PRO pts in category: The deposit must be kept for twenty days so the alleged creditors may move for a judicial attachment of such funds. 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.
A sociedad de responsabilidad limitada is regulated under Sec and subsequent sections of the LSC. Trusts The Law No 24, regulates a trust, wherein a person grantor transfers trust ownership of certain assets to another person trusteewho agrees to use the property for the benefit of whoever is appointed in the contract beneficiaryand transfer the property at the end of a term, or upon a condition, to whoever is indicated in the contract.
It contains the minutes of an Annual General Meeting. The board may consist of one or more directors. 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. In a merger, an existing entity absorbs the assets and liabilities of one or more entities that are subsequently dissolved.
The CNDC may authorize or deny the transaction, or require compliance with such conditions as this controlling authority determines. Basically, it regulates what are prohibited agreements and practices; dominant market position; concentrations and mergers and their prior administrative control by the controlling authority.
The Leyy has 45 days to pass on the matter, as from the submittal of all the required documentation. View Ideas submitted by the community.
Joint Ventures UTE 3. The UTE must appoint a representative to 1955 on behalf of each member, to exercise the rights and accept the duties relating to the development or performance of the project, service or supply.
Ley Nº 23576
In this case, both the participants and whoever entered into contracts on behalf of the entity has joint, several and unlimited liability for the obligations thereof. The minimum capitalization of an S. We will discuss each of these questions below.
Such shares also give rights to increase the holding in proportion to the shares subscribed on each occasion. 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.
The advantage of a transfer of an ongoing concern is that the purchaser has a mechanism that enables it to know the business liabilities accurately, and so avoid any surprises from concealed or non-declared liabilities. Otherwise, each manager is equally empowered to transact business on behalf of the entity.
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.
Dominant position means a situation in which, for a certain product or service, a person is the only offering or demanding party in the national market or, even if it is not the only person, it is not exposed to substantial competition.
View forum View forum without registering on UserVoice. Consideracion de la documentacion del art. Automatic update in However, the entity is jointly, severally and unlimitedly liable for the payment of equity subscribed by the other partners.
If the management is plural, the contract may provide for joint management. The bodies expressing the will of an SRL are: Both basically limit the liability of a shareholder or partner to the payment of the ragentina contributions. Login to enter a peer comment or grade.
A foreign company may operate in Argentina in different manners: However, it is considered as an obligor for certain purposes such as employment obligations, social contributions and taxes. The entity is managed by one or more managers, who may be partners or not. In a consolidation, two or more entities transfer their assets and liabilities to a new entity organized for the purpose.
This is an agenda point. Sectionsubsection 1 of Law Likewise, we must consider which will be the most suitable way to channel the acquisition of the shares. In Argentina investments are usually channeled through corporate entities with limited liability or by trusts, the main features of which are indicated below. That is how I learnt it while studhying to become a Legal Translator thirty-five years ago.
An entity having a commercial purpose, which does not fulfill such requirements, is considered by the LSC as a non-regularly organized entity.
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Peer comments on this answer and responses from the answerer. The first is preparing and conducting a suitable due diligence process on the target company, so as to identify its main contingencies and risks. The governing body of an SRL is generally indicated in the organization agreement.
Business Companies and other Investment Vehicles 3.