IGJ General Resolution No. 29/2020: Distance Supervision of Commercial Corporations and Civil Entities subject to the General Inspection of Justice Control.
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Company Law Department Report | IGJ General Resolution No. 29/2020: Distance Supervision of Commercial Corporations and Civil Entities subject to the General Inspection of Justice Control
Dear Sir or Madam,
General Inspection of Corporations (IGJ, for its initials in Spanish) General Resolution No. 29/2020, published in the Official Gazette today, regulates distance supervision of commercial corporations and civil entities, subject to the IGJ’s controlling body, for which this resolution resolves as follows:
(i) Terms set forth in IGJ’s General Resolution No. 7/2015 shall be applicable in distance supervision cases, providing that they compatible and analogical.
(ii) Publications of summons to distance-held meetings, in accordance with IGJ’s General Resolution No. 11/2020 and/or by-law provisions, be them ordinary or extraordinary, shall individually state the entity’s tax identification number (CUIT) and submit a contact e-mail address, which shall be used for notices.
(iii) Proceedings request of auditors appearance by the interested party, in meetings subjected to inspection at a distance or on-site, shall be conducted remotely in their entirety, from the beginning, according to procedure and modality indicated in the IGJ’s web page https://www.argentina.gob.ar/justicia/igj
(iv) In cases not foreseen by regulations mentioned in item (i), issuance of instructions for application of this rule to cover non-regulatory aspects shall be delegated to the Commercial Corporations Directorate, the Civil Entities Directorate and/or the Agencies of Complaints and Auditing of Commercial Corporations and Civil Entities.
The resolution herein shall become effective upon its date of publication.
Should you require any further information on this matter, please do not hesitate to contact us.
Sincerely,
Fernanda Mierez
Miguel M. Silveyra
Miguel C. Remmer