lThe update is carried out as a consequence of the fact that the last adjustment to the capital requirement was ordered in August 2012 and the accumulated inflation between that date and December 2023 exceeds 3,400%.
After almost 12 years are changesgovernment updated this Friday, the share capital required for the constitution of public limited companies established by article 186 of Law 19,550 (General Companies Law) and was set at $30 million. Thus it was arranged through the Decree 209/2024which was published this Friday in the Official Gazette.
According to the standard, The update is carried out as a result of the last adjustment of the capital requirement being made in August 2012. (through Decree 1331/2012) and the accumulated inflation between that date and December 2023, exceeds 3400%as indicated by the official indices published by the National Institute of Statistics and Censuses (INDEC).
“Due to the critical economic and financial situation that the new government that took office on December 10, 2023 has received, It is reasonable to admit that the inherited high inflation rate could continue for a while until the necessary corrective measures can be carried out to restore macroeconomic balance.“, justifies the Government on the basis of the rule.
Public limited companies: what is the minimum capital required
He maintains that heThe requirement of a minimum capital for the constitution of public limited companies determines that this amount must be renewed periodically. in order that it responds to economic reality and that “the minimum capital for the constitution of public limited companies, understood as the initial capital as a balancing element of the counterpart of the limitation of liability, is not only accepted but also recommended as an appropriate practice in the field of business regulations”.
Source: Ambito
