Digital corporate and accounting books (LGS art. 61)
Article 61 of the General Companies Law permits corporate and accounting books to be maintained through digital records, dispensing with traditional formalities provided the system allows individual transactions to be identified.
What article 61
Article 61 permits corporate and accounting books to be maintained in digital form.
Compliance with the formalities imposed by articles 73, 162, 213, 238 and 290 of this law, as well as those of the Civil and Commercial Code, may be dispensed with in order to maintain corporate and accounting books through Digital Records using digital means. The journal may be kept using aggregate entries covering periods not exceeding one month. The accounting system must allow individual transactions to be identified.
Source: Law 19,550, art. 61 - InfoLEG (updated official text)
Commentary
The provision modernizes corporate recordkeeping: board and shareholders' meeting minutes and accounting records may be maintained digitally, subject to rules issued by the supervisory authority. It lowers administrative costs and aligns company law with digital registries.
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