454
[ESTABLISHING A BUSINESS ENTITY IN SPAIN]
SA
SL
BRANCH
contribution in kind. In the event of an increase of capital, directors are liable. No expert assessment is required. Privileges are allowed making it easier to change the voting rights principal of 1 share 1 vote. Shares without voting rights are also allowed.
independent expert.
No privileges are allowed to alter the principal of one share one vote. However, shares without voting rights are allowed.
Voting rights
N/A.
FINANCING SOURCES
Listing and issuing bonds or other negotiable instruments
Can issue shares and bond or debt interest, including bonds convertible to shares.
Quotas representing capital are not marketable securities. Debentures and other securities that recognize or create a debt can be issued.
N/A.
The total sum issued by a limited liability company may not exceed double their own resource value, unless the issue is guaranteed by mortgage, securities pledge, government guarantee or joint guarantee from a credit entity.
Cannot issue or guarantee bonds convertible into quota.
CORPORATE GOVERNANCE
General shareholders meeting
Jurisdiction: It is under the jurisdiction of the general
Jurisdiction: It is under the jurisdiction of the general
N/A.
ILN Corporate Group – Establishing a Business Entity Series
Made with FlippingBook Ebook Creator