Chihuahua, Chih., December 5th, 2018.
Dear Clients and Friends,
As we previously informed you, on December 15th, 2018, the decree by which the obligation for Corporations (Sociedades Anónimas) (S.A.) and Limited Liability Companies (Sociedades de Responsabilidad Limitada) (S. de R.L.) (jointly the Entities) of publishing in the PSM its registries of shares/partners, as well as its transmissions enters into force.
Said decree will allow the authority to know the shareholder structure of the Entities, as well as their movements, facilitating their task when it comes to detect inconsistencies.
Thus, in case of operations such as transmissions of shares/equity participations or the admission of new shareholders/partners to be registered in their corresponding books, the Entities shall take into consideration the entering into force of such decree in order to comply with the formalities appointed by the law and avoiding legal contingencies.
We have broad experience on the matter and we are at your service in order to update your corporate registries and comply with the applicable law.
