Companies Act 19,550 · Article 170 — Contents of the formation program
Contents of the formation program (art. 170 LGS)
Article 170 sets the required contents of the public-subscription formation program.
What article 170
Article 170 sets the required contents of the public-subscription formation program.
Official text · Act 19,550, art. 170
The program must contain the promoters’ details, the proposed charter, nature of the shares, amount of issues, terms of the subscription contract and advances, and identification of a bank that will act as intermediary.
Source: Law 19,550, art. 170 — InfoLEG (updated official text)
Commentary
The program functions as the prospectus for the future company and informs subscribers about the proposed investment.
This page is informational and does not constitute legal advice nor replace professional consultation. It quotes the official text of the rule; for its application to a specific case, consult a licensed professional.
Do you need advice on this matter?
The firm is headquartered in Buenos Aires, Argentina, and advises clients worldwide.
Contact the firm