Companies Act 19,550 · Article 168 — Formation by public subscription
Formation by public subscription (art. 168 LGS)
Article 168 governs the start of stock-corporation formation by public subscription.
What article 168
Article 168 governs the start of stock-corporation formation by public subscription.
Official text · Act 19,550, art. 168
In formation by public subscription, the promoters shall prepare a formation program by public or private instrument and submit it to the supervisory authority, which shall decide within fifteen business days.
Source: Law 19,550, art. 168 — InfoLEG (updated official text)
Commentary
Public subscription allows capital to be gathered from subscribers before the company exists, under an approved formation program.
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