On July 19, 2010 the Official Gazette published general resolution No. 1 of 2010 (the "Resolution") of the Public Registry of Commerce (the "Registry") which provides for an obligation to file an updating affidavit for companies (commercial, foreign and bi-national), and civil associations and foundations.
The Resolution provides that companies, associations and foundations must submit the affidavit signed by the relevant legal representative, whose signature must be certified by a public notary, together with the form K of the Registry, containing the following information:
Additionally, the Resolution establishes a term of sixty (60) calendar days for filing of the affidavit according to the following schedule:
Finally, the Resolution provides that if from the examination of the affidavit arises that the entity has no pending registrations or procedures, nor owes taxes or filling of financial statements, the obligation will be considered accomplished.
The corresponding penalty will be applied in case the Registry detects any type of misrepresentation in the information provided, as well as in the case of failure to comply with the filing of the affidavit.
The Resolution came into force on 20 July 2010.
Should you have any question or comment regarding the foregoing, please contact us by calling at (54-11) 5252-2462, via Fax to (54-11) 5252-2463 or by e-mail to info@canosa.com.ar.
Canosa Abogados shall not and will not be responsible or liable for any actions (or lack thereof) taken as a result of relying on or in any way using information contained in this website and in no event shall be liable for any damages resulting from reliance on or use of this information. Readers should take specific advice when for specific situations.
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Changes to the information contained in this website may be made at any time.
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Javier Canosa has contributed to the 2010 Argentine Chapter of Getting the Deal Through - Banking Regulation 2010, (published in April 2010; contributing editor: Craig Wasserman of Wachtell Lipton Rosen & Katz). (*)
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