What is the Meaning & Definition of society limited
The limited company or also called company of limited liability (SRL) is a company, i.e., that has as its mission the realization of one or more acts of trade, or any type of activity subject to commercial law and which is made up of a limited number of partners, whose capital is divided into shares of equal value.
Then, the same liability is limited according to the contribution of capital partner you made and why is that in the case of contraction of debts shall be forced to respond with the personal assets of the partner.
This participation is not equivalent to action, as if in the case of the Corporation. Meanwhile, deliberation and decision of the same is in charge of a General meeting, which will assist in the likely situations: censorship for management, approval of the annual accounts, appointment and dismissal of administrators and the amendment of the statutes. The call of this organ fits you administrators and yes or Yes within the first six months of each fiscal year, or failing that, whenever it deems it necessary by any matter of weight must be carried out.
On the other hand, administration may lie in the hands of an administrator only one, two, three or more people, although in this case it happens to be appointed as a Board of Directors.
And with regard to the partners, each of them will have a series of rights, including: to participate in the sharing of benefits, or of the patrimony, in case that is liquidating participation in the acquisition of participations to outgoing members, participate in social decisions taken and to assume the role of administrators receive information from the different periods laid down in the Scriptures and of accounting information of the company.
Then, the same liability is limited according to the contribution of capital partner you made and why is that in the case of contraction of debts shall be forced to respond with the personal assets of the partner.
This participation is not equivalent to action, as if in the case of the Corporation. Meanwhile, deliberation and decision of the same is in charge of a General meeting, which will assist in the likely situations: censorship for management, approval of the annual accounts, appointment and dismissal of administrators and the amendment of the statutes. The call of this organ fits you administrators and yes or Yes within the first six months of each fiscal year, or failing that, whenever it deems it necessary by any matter of weight must be carried out.
On the other hand, administration may lie in the hands of an administrator only one, two, three or more people, although in this case it happens to be appointed as a Board of Directors.
And with regard to the partners, each of them will have a series of rights, including: to participate in the sharing of benefits, or of the patrimony, in case that is liquidating participation in the acquisition of participations to outgoing members, participate in social decisions taken and to assume the role of administrators receive information from the different periods laid down in the Scriptures and of accounting information of the company.