The Commercial Registry is an administrative institution whose function is to record and collect all the acts that relate to commercial companies and their managers.
Through this body, employers must deposit the actions that they carry out and are considered essential to render accounts in the face of legal treatment. In addition, the fact that there is a place where the information of certain companies can be freely consulted serves as publicity for other people.
Among some of the acts:
- Act of creation of society and modification is taken
- There are capital increases
- Acquisitions, takeovers, secessions, appointments and changes in company administration
- Deposits of annual accounts
- Among other.
To be able to make a registration in this institution it can be done in two different ways:
- The simple note. It is a document that only has an informative value.
- The certification. In it, the registrar gives good faith and accredits the content that has information deposited in it.
Functions of the Commercial Registry
In more detail, the functions of the Mercantile Registries are the following:
- Legalize and seal the business books. They must be presented in the commercial register closest to the registered office, carrying out the diligence in the first page of the book where the information of the employer is recorded.
- Commercial experts and experts are appointed. These are the ones in charge of evaluating the contributions to companies and offering help that they may need. In some cases, auditors are also appointed.
- The annual accounts of the companies are deposited and kept.
- It legitimizes and validates the commercial acts that derive from decisions and changes in companies.
- Registers the people with decision-making power in the companies that are registered in the Registry.