IGJ Resolution 8/2017. Amendments To The Rules Related To The Argentine Simplified Corporations

Author:Canosa Abogados
Profession:Canosa Abogados

On October 6, 2017, Resolution No. 8/2017 (the "Resolution") of the Argentine Business Entities Controlling Body ("IGJ") was published in the Official Gazette. This Resolution introduces amendments to IGJ Resolution No. 6/2017 which approved the rules related to the Argentine Simplified Corporations ("SAS").

The Resolution introduces the following amendments:

Articles of incorporation made by a notarially recorded instrument: the notary public of any jurisdiction must digitally sign the instrument through the system of digital signatures of the applicable Association of Notaries Public. Incorporation under a digitally signed document: the last shareholder to sign must use his digital signature to execute the document. If the SAS is composed of only one shareholder, the shareholder's signature must be digital. Notary Public's opinion: the document must be digitally signed by the notary public through the system of digital signatures of the Association of Notaries Public of the City of Buenos Aires or of the Province of Buenos Aires, system of which enables individuals to verify whether the notary's professional license is in force. Corporate...

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