AN OVERVIEW OF THE NEW “SOCIEDADES INCLUIDAS” IN THE AMENDMENT TO THE COMPANIES ACT
Keywords:
Sociedades incluidas, Informal corporations, Amendment to the Argentine Companies ActAbstract
The Argentine Congress approved Act No. 26.994 (New Civil and Commercial Code), which entered into force on 1 August 2015. The Code included amendments to the Companies Act 19.550 (Annex II in Act No. 26.994). One of the main modifications regarding corporate matters is the creation of a new category of corporate structure called “Sociedades incuidas”. This type of corporation is more flexible than traditional permitted types of corporate structures available for association. Moreover, the new legal standard entitles “Sociedades incluidas” even to register goods in the Real Estate Registry Office. This regime is applied to Companies that do not comply with mandatory registration and has been modified to recognize the terms and conditions agreed by the partners, in connection with relationships between the partners and with third parties affected by the terms and conditions. Consequently with this amendment, businessmen are encouraged to link with third parties fairly and transparently.
Downloads
References
The Argentine Congress approved Act No. 26.994 (New Civil and Commercial Code), which entered into force on 1 August 2015. The Code included amendments to the Companies Act 19.550 (Annex II in Act No. 26.994). One of the main modifications regarding corporate matters is the creation of a new category of corporate structure called “Sociedades incuidas”. This type of corporation is more flexible than traditional permitted types of corporate structures available for association. Moreover, the new legal standard entitles “Sociedades incluidas” even to register goods in the Real Estate Registry Office. This regime is applied to Companies that do not comply with mandatory registration and has been modified to recognize the terms and conditions agreed by the partners, in connection with relationships between the partners and with third parties affected by the terms and conditions. Consequently with this amendment, businessmen are encouraged to link with third parties fairly and transparently.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Los/as autores/as que publican en esta revista están de acuerdo con los siguientes términos:
1. Los/as autores/as conservan los derechos de autor y garantizan a la revista el derecho de ser la primera publicación del trabajo al igual que licenciado bajo una Creative Commons Attribution-NonCommercial 4.0 International License que permite a otros compartir el trabajo con un reconocimiento de la autoría del trabajo y la publicación inicial en esta revista.
2. Los/as autores/as pueden establecer por separado acuerdos adicionales para la distribución no exclusiva de la versión de la obra publicada en la revista (por ejemplo, situarlo en un repositorio institucional o publicarlo en un libro), con un reconocimiento de su publicación inicial en esta revista.
3. Se permite y se anima a los/as autores/as a difundir sus trabajos electrónicamente (por ejemplo, en repositorios institucionales o en su propio sitio web) antes y durante el proceso de envío, ya que puede dar lugar a intercambios productivos, así como a una citación más temprana y mayor de los trabajos publicados (Véase The Effect of Open Access) (en inglés).
