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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Likewise, we must consider which will be the most suitable way to channel the acquisition of the shares. Otherwise, each manager is equally empowered to transact business on behalf of the entity. Two or more persons are necessary to organize a business company that is a legal entity under the law.

Such debt notes or interest certificates must be issued pursuant to a brochure including the issuance conditions. Ley 19, correspondiente al ejercicio finalizado el 31 de diciembre de 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.

Both basically limit the liability of a shareholder or partner to the payment of the committed contributions. The entity is managed by one or more managers, who may be partners or not.

Ley Nº 23576

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 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.

The capital must be fully subscribed at the time of the organization act.

Under section 6 of the Law, economic concentration means taking control of one or multiple businesses, by any of the le In a merger, an existing entity absorbs the assets and liabilities of one or more entities that are subsequently dissolved. An ongoing concern comprises all the tangible leg intangible property that is a part of a certain business concern. Peer comments on this answer and responses from the answerer. The bodies expressing the corporate will at an S.


Its effect upon third parties is subject to the document being entered into in writing and registered with the RPC. Upon the lapse of such term, if no aggentina has been made on the matter, the transaction is deemed implicitly approved.

Joint Ventures UTE 3. The CNDC may authorize or deny the transaction, or require compliance with such conditions as this controlling authority determines.

This is a federal law that determines permitted types of business associations. The merger mechanism is regulated as an entity restructuring procedure under the Income Tax Artentina.

art. Inc. 1ro. Ley 19, | Spanish to English | Business/Commerce (general)

Subject to such law is an individual or an entity, public or private, for profit or not, who does economic business in Argentina, or outside Argentina insofar as the acts thereof may have effects on the Argentine market. The CNDC has 45 days to pass on the matter, as from the submittal of all the required documentation.

It may have up to 50 partners, who may be individuals or entities. However, lately the IGJ is reviewing if the capital must be consistent with the business to be carried on by the entity, and registration denied where it is not sufficient. 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 transfer document may only be signed upon the lapse of ten days since the last such notice.


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. The trust may be a management, guarantee or financial trust.

An omission or violation of the Law 11, results in joint, several and unlimited liability of the purchaser, seller or broker who committed the violation, for the amount of the unpaid claim and up to the amount of the selling price.

Post Your ideas for ProZ. Each has competent jurisdiction under sections andrespectively, of the LSC. View Ideas submitted by the community. Such shares also give rights to increase the holding in proportion to the shares subscribed on each occasion.

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Term search All of ProZ. Spanish term or phrase: The equity must be fully subscribed at the time of entering into the organization agreement. For this reason, such property may not be claimed or affected by any creditor of the grantor or the trustee, except in the event of fraud by the grantor. A foreign company may operate in Argentina in different manners: Peer comments on this answer and responses from the answerer agree.

Monica Colangelo Argentina Local time: It is an associative and contractual type.

The governing body of an SRL is generally indicated in 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.

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