{"id":7051,"date":"2023-10-20T20:10:40","date_gmt":"2023-10-20T20:10:40","guid":{"rendered":"https:\/\/cannizzo.com.mx\/?p=7051"},"modified":"2023-10-23T19:33:42","modified_gmt":"2023-10-23T19:33:42","slug":"amedment-to-the-general-law-of-commercial-companies","status":"publish","type":"post","link":"https:\/\/cannizzo.com.mx\/en\/amedment-to-the-general-law-of-commercial-companies\/","title":{"rendered":"Amedment to the General Law of Commercial Companies"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p><div      class=\"vc_row wpb_row section vc_row-fluid  grid_section\" style=' text-align:left;'><div class=\" section_inner clearfix\"><div class='section_inner_margin clearfix'><div class=\"wpb_column vc_column_container vc_col-sm-3\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"270\" src=\"https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/01\/Ley-Organica-1.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"\" title=\"Ley Organica\" srcset=\"https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/01\/Ley-Organica-1.jpg 720w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/01\/Ley-Organica-1-300x113.jpg 300w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/01\/Ley-Organica-1-700x263.jpg 700w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/div>\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \">\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>October 20, 2023<\/p>\n<h3>News and Insights<\/h3>\n<p><strong>AMENDMENT TO THE GENERAL LAW OF COMMERCIAL COMPANIES<\/strong><\/p>\n\n\t\t<\/div> \n\t<\/div> \t<div class=\"vc_empty_space\"  style=\"height: 30px\" ><span\n\t\t\tclass=\"vc_empty_space_inner\">\n\t\t\t<span class=\"empty_space_image\"  ><\/span>\n\t\t<\/span><\/div>\n\n<div      class=\"vc_row wpb_row section vc_row-fluid vc_inner \" style=' text-align:left;'><div class=\" full_section_inner clearfix\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \">\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Contact Us:<\/p>\n\n\t\t<\/div> \n\t<\/div> \n\t<div class=\"wpb_text_column wpb_content_element \">\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3210 size-medium\" src=\"https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/06\/Stefano-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/06\/Stefano-300x300.jpg 300w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/06\/Stefano-1024x1024.jpg 1024w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/06\/Stefano-150x150.jpg 150w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/06\/Stefano-768x768.jpg 768w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/06\/Stefano-570x570.jpg 570w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/06\/Stefano-500x500.jpg 500w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/06\/Stefano-1000x1000.jpg 1000w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/06\/Stefano-700x700.jpg 700w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2020\/06\/Stefano.jpg 1200w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><a href=\"https:\/\/cannizzo.com.mx\/stefano-amato\/\">Stefano Amato<\/a><br \/>\nPartner<br \/>\n<a href=\"tel:+5255 52795997\">(52) 5552795997<\/a><br \/>\n<a href=\"http:\/\/samato@cannizzo.com.mx\">samato@cannizzo.com.mx<\/a><\/p>\n\n\t\t<\/div> \n\t<\/div> \t<div class=\"vc_empty_space\"  style=\"height: 15px\" ><span\n\t\t\tclass=\"vc_empty_space_inner\">\n\t\t\t<span class=\"empty_space_image\"  ><\/span>\n\t\t<\/span><\/div>\n\n\n\t<div class=\"wpb_text_column wpb_content_element \">\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-6491 size-medium\" src=\"https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2023\/07\/Citas-Internet-Anahi-244x300.jpg\" alt=\"\" width=\"244\" height=\"300\" srcset=\"https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2023\/07\/Citas-Internet-Anahi-244x300.jpg 244w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2023\/07\/Citas-Internet-Anahi-833x1024.jpg 833w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2023\/07\/Citas-Internet-Anahi-768x944.jpg 768w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2023\/07\/Citas-Internet-Anahi-700x860.jpg 700w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2023\/07\/Citas-Internet-Anahi.jpg 1012w\" sizes=\"auto, (max-width: 244px) 100vw, 244px\" \/><\/p>\n<p><a href=\"https:\/\/cannizzo.com.mx\/anahi-serrano-2\/\">Anah\u00ed Serrano<\/a><br \/>\nAssociate<br \/>\n<a href=\"tel:+5215541666406\">(52) 5541666406<\/a><br \/>\n<a href=\"http:\/\/aserrano@cannizzo.com.mx\">aserrano@cannizzo.com.mx<\/a><\/p>\n\n\t\t<\/div> \n\t<\/div> \t<div class=\"vc_empty_space\"  style=\"height: 15px\" ><span\n\t\t\tclass=\"vc_empty_space_inner\">\n\t\t\t<span class=\"empty_space_image\"  ><\/span>\n\t\t<\/span><\/div>\n\n\n\t<div class=\"wpb_text_column wpb_content_element \">\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-6607 size-medium\" src=\"https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2023\/08\/Sarah-web-2-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2023\/08\/Sarah-web-2-300x300.jpg 300w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2023\/08\/Sarah-web-2-150x150.jpg 150w, https:\/\/cannizzo.com.mx\/wp-content\/uploads\/2023\/08\/Sarah-web-2.jpg 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><a href=\"https:\/\/cannizzo.com.mx\/sarah-guerra\/\">Sarah Guerra<\/a><br \/>\nAssociate<br \/>\n<a href=\"tel:+52155 52795980\">(52) <\/a><a href=\"tel:+5255 41666423\">(52) 5541666423<\/a><br \/>\n<a class=\"linkinfo\" href=\"http:\/\/sguerra@cannizzo.com.mx\">sguerra@cannizzo.com.mx<\/a><\/p>\n\n\t\t<\/div> \n\t<\/div> <\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container vc_col-sm-9\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \">\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<div>\n<p><strong>AMENDMENT TO THE GENERAL LAW OF COMMERCIAL COMPANIES<\/strong><\/p>\n<p>er 20, 2023, a Decree was published in the Official Gazette of the Federation adding and amending several articles of the General Law of Commercial Companies (\u201c<u>LGSM<\/u>\u201d), regarding the use of telematic means.<\/p>\n<p>Due to such decree, several provisions were added regarding the use of telematic means in corporations and limited liability companies. Hereinbelow, we refer to the most relevant ones:<\/p>\n<p><strong>a) Partner\u2019s and Shareholders\u2019 Meetings and Meetings of the Management Body. <\/strong>The partners\u2019 and shareholders\u2019 meetings, as well as the meetings of the boards of directors and managers, may be held through the use of telematic means, with the same validity as if they were held in person and without being considered as held outside the corporate domicile of the company.<\/p>\n<p>Additionally, regarding the annual shareholders\u2019 meeting, it will be possible making the directors\u2019 report available to the shareholders through telematic means, without the need of making it available physically at the company\u2019s office.<\/p>\n<p><strong>b) Calls for the Partners\u2019 and Shareholders\u2019 Meetings. <\/strong>Partners\u2019 Meetings of the limited liability companies must be called through the publication of a notice in the electronic system established by the Ministry of Economy, with the anticipation set forth in the bylaws, or failing that, eight days before to the execution of the meeting.<\/p>\n<p>The foregoing implies an alignment between the formalities for the publications of the calls for both the corporations and the limited liability companies for which, before this reform, this modality of calls was not provided.<\/p>\n<p><strong>c) Requirements that bylaws must contain. <\/strong>Incorporation deed of the companies must include an additional requirement, which is the rules for the holding of partners\u2019 meetings and meetings of the management body: both may be held through the use of telematic means, provided that the participation is simultaneous and the interaction in the resolutions is allowed in a way equivalent to a face-to-face meeting. Additionally, it is provided that there must be mechanisms or measures through which the identity of the attendees and the way they vote can be proved, both for the partners\u2019 meetings and the meetings of the management bodies, either in person or through the use of telematic means.<\/p>\n<p>In our opinion, this reform to the LGSM represents an important step forward for Mexico, as it implies both a modernization and adaptation of our legislation to the current global circumstances and to the cultural and digital-technological advances. In addition, from an operational point of view, the reform may generate a broader participation in the partners\u2019 and shareholders\u2019 meetings and in the meetings of the boards of directors and managers, as well as a reduction of the costs associated thereto.<\/p>\n<p>Please note that reform will enter into force the day after its publication, therefore, from that date on, for the companies to take advantage of the benefits provided by these law amendments, the aforementioned provisions should be included in the bylaws of the companies to be incorporated or already incorporated, in the latter case through a bylaw\u2019s amendment.<\/p>\n<p>If you would like more information in this regard, please do not hesitate to contact any of our partners or associates.<\/p>\n<p style=\"text-align: right;\">Yours sincerely,<\/p>\n<p style=\"text-align: right;\"><strong>Cannizzo<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\t\t<\/div> \n\t<\/div> <\/div><\/div><\/div><\/div><\/div><\/div><div      class=\"vc_row wpb_row section vc_row-fluid \" style=' text-align:left;'><div class=\" full_section_inner clearfix\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \">\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t\n\t\t<\/div> \n\t<\/div> <\/div><\/div><\/div><\/div><\/div><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"October 20, 2023 News and Insights AMENDMENT TO THE GENERAL LAW OF COMMERCIAL COMPANIES Contact Us: Stefano Amato Partner (52) 5552795997 samato@cannizzo.com.mx Anah\u00ed Serrano Associate (52) 5541666406 aserrano@cannizzo.com.mx Sarah Guerra Associate (52) (52) 5541666423 sguerra@cannizzo.com.mx AMENDMENT TO THE GENERAL LAW OF COMMERCIAL COMPANIES er 20,","protected":false},"author":2,"featured_media":5847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"servicio":[],"class_list":["post-7051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alertas-informativas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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