Mexico:
Mexican Decree Imposes New Equity Holder And Shareholder Registry Record Obligations
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The Mexican Federal Official Gazette, on June 14, 2018,
published a decree amending some provisions of the Mexican General
Law of Commercial Companies. This decree imposes new obligations on
companies in Mexico with respect to the equity holders/shareholders
registry records.
The decree mandates that companies must give notice through the
Ministry of Economy's electronic system, indicating any
equity/share transfer executed by their equity
holders/shareholders. The notice must provide the name,
nationality, and domicile of the new equity holder/shareholder.
The Ministry of Economy will keep confidential all the
information provided in the notice, except if the information is
required by judicial or administrative authorities in exercise of
their responsibilities and pursuant to the applicable law. Any
person with legitimate interest will be entitled to review a
company's equity holder/shareholder registry book, which will
be in the charge of the company's administration. The
company's administration will be individually and severally
responsible for the registry book's existence and the accuracy
of the information contained in it.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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