On 20 July 2021, General Resolution No. 10/2021 (the “Resolution”) of the Inspectorate General of Justice (the “IGJ”) was published in the Official Gazette, which regulates the regime for the transfer of the quotas into which the capital of Limited Liability Companies is divided.
The Resolution provides the following:
- For the registration of any transfer of company quotas, by any title or cause, whether by inter vivos or mortis causa acts, in addition to the requirements already provided for in General Resolution No. 7/2015 of the IGJ, the publication prescribed by Article 10 of Law No. 19.550 must be accompanied, which must contain:
- The amount of the share capital;
- The number and nominal value of the quotas into which it is divided; and
- The individualization of the transferor, the acquirer, and the number of quotas being transferred or awarded.
The Resolution entered into force with its publication and will be applicable to proceedings initiated from that moment onwards.
