What's New for Companies of Section IV of the Argentine Companies Law

General Resolution 14/2024 of the of the Public Registry of Commerce of the City of Buenos Aires (IGJ) became effective on May 24, 2024, repealing General Resolution IGJ 14/2023 and the previous legal regime related to the requirements of companies included in Section IV of Chapter I of the Companies Law 19550.

The Resolution eliminates the need for Section IV companies to register their regularization—under the terms of article 25 of Law 19550—prior participating in a merger process.

The IGJ understands that the requirement of prior regularization implied an excessive formalism and was conflicting with the goal of creating the necessary conditions and tools to produce goods and provide services. Along these lines, the merger in which a Section IV company is dissolved without liquidation—within the scope of article 82 of Law 19550—already includes and substantially encompasses its regularization.

The IGJ stresses that Law 19550 does not require companies participating in a merger process to be of a law-established type, nor does it require them to be previously registered before the IGJ.