Similar to what occurs with multiple relevant corporate actions, including among others capital stock reductions, calls for shareholders or partners meetings and the final balance of a company in liquidation stage, now whenever a shareholder or partner of a Mexican Corporation sells, assigns or transfers, through any vehicle, a part or all of its shares or equity, or when new or additional contributions are made, the companies shall publish a notice in the electronic registry system described above.
This latest reform was published in the Federal Official Gazette on June 14, 2018 and its transitional articles provide that it shall become effective 6 months after its publication.
One of the effects of this reform is accentuating the relevance for Mexican Commercial Companies to maintain good-housekeeping of their corporate ledgers and records, which is a duty of the company’s directors, so that they can timely comply with their notification obligations in the electronic registry.
Should you have any questions or comments regarding the foregoing, please do not hesitate to call your usual contact in the Firm.
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