In his thesis for the position of full professor at the National

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Our legislation on joint-stock companies is, in general, satisfactory, and the erudite commentary of the author of the law contributed greatly to its interpretation, a book that was fortunate enough to be read and cited (unlike DANTE's "Inferno", which everyone cites, but which no one has read or managed to read).

However, there is no denying that the 16 years of application of the law have revealed some flaws that the legislator has sought to address in a sparse legislation, which is already becoming numerous and which, at bulk sms new zealand marketing services times, disturbs those who are beginning to study our corporations. The author of the law himself has been called upon to clarify, in as yet unpublished opinions, many provisions of the current law. The mission of Professor ASCARELLI is identical, in “Problems of Corporations”.

The most notable changes are:

1) which required the deposit, in a banking establishment, of the amounts received from the subscribers of the share capital;

2) legislation on extrajudicial liquidation of banks;

3) the one that punishes the adventurous management of companies (law for the defense of the popular economy).

And other advisable ones:

1) greater rigor in the constitution of public subscription corporations (project organized by a commission appointed by the Minister of Labor, 1945);

2) greater rigor in the punishment of developers and administrators (consolidation of the precepts of the Penal Code and laws defending the popular economy);

3) list of companies that require government authorization to operate in the country.