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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The entity is managed by one or more managers, who may be partners or not. View Ideas submitted by the community. The merger mechanism is regulated as an entity restructuring procedure under the Income Tax Law. However, the entity is jointly, severally and unlimitedly liable for the payment of equity subscribed by the other partners.

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. Unless agreed otherwise, there is no presumption of joint and several liability among the members of the UTE for obligations to third parties. lfy

Its effect upon third parties is subject to the document being entered into in writing and registered with the RPC. An ongoing concern comprises all the tangible and intangible property that is a part of 19550 certain business concern. Most registered entities are corporations or limited liability companies.

Sectionsubsection 1 of Law Consideracion de la documentacion del art. A sociedad de responsabilidad limitada is regulated under Sec and subsequent sections of the LSC. In the case of an acquisition of a share holding in an entity, a contractual mechanism must be sought to guarantee that the purchaser will be kept harmless against leey or non-declared liabilities of the seller with respect to the issuer.

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

There is no additional requirement to be fulfilled, except in the case of property subject to registration, in which case the final merger agreement must be registered with the relevant registry. Each has competent jurisdiction under sections andrespectively, of the LSC.

The members of the merged entities receive shares in the surviving entity, at the exchange relation provided for the purpose. Grading comment Selected automatically based on peer agreement.

The bodies expressing the will of an SRL are: The source doc comes from Argentina. 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.

Otherwise, each manager is equally empowered to artentina business on behalf of the entity.

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In this case, an application should also be submitted to the relevant controlling authority for approval of the change of shareholder. Ongoing Concerns Transfers 3. An entity having a commercial purpose, which does not fulfill such requirements, is considered by the LSC as a non-regularly organized entity.

However, it is considered as an obligor for certain purposes such as employment obligations, social contributions and taxes. Its primary feature is the temporary nature of the association to fulfill the objective pursued. 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.


Spanish term or phrase: Both basically limit the liability of a shareholder or partner to the payment of the committed contributions. Under our LSC, there are no restrictions for a foreign individual or legal entity to participate in a local business entity, subject to registration as contemplated under sections or of the LSC.

Non-monetary contributions must be fully paid at the time of registration. The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

Monica Colangelo Argentina Local time: Subject to such law is an individual or an entity, public or private, for profit or not, who argetina economic business in Argentina, or outside Argentina insofar as the acts thereof may have effects on the Argentine market. As regards the control body, it is optional and regulated by the organization agreement as the case may be.