December 21, 1942 N 45 On Society

Original Language Title: 21 Dicembre 1942 N 45 Sulle Societa

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No. 67. Law containing amendments and additions to the Law 21 December 1942 No 45 on the company. We the Captains Regent of the Most Serene Republic of San Marino We promulgate and publish the following law approved by the Great and General Council in its Returned models November 28, 1946: Art. 1. The first part of art. 4 and 5 of Law December 21, 1942 is abolished and so substitute: "Art. 4: The company acquires legal personality of the decree n force issued by the Commissioner's Court in accordance with Article next". "Art. 5: The recognition of the company is put to the Court Commissioner's who - verified that the conditions and formalities set out in this law and found that the object of the company is not contrary to applicable legislation - emits decree ordering entry in the register of art. 19. Presidential Decree to which denies the registration or withdraw approval in the cases provided by art. 13, is subject to appeal within twenty days, the Judge of Appeal, " . Art. 2. In art. 6, 7, 12, 29, the phrase "Council of Twelve" shall be replaced with "Commissioner's Court." Art. 3. The last three paragraphs of Article. 32 and the last paragraph of article. 55 will be abolished. Art. 4. In the second paragraph of Article. 9 the phrase "such authorization is also required" is replaced as follows "the authorization of the Court Commissar ale is also required." Art. 5 In Article. 13 has made the following addition to the letter E "when the company has not fixed the seat or representation in the Republic pursuant to art. 15". Art. 6. In the first part of Art. 25 to the phrase "within three months" shall be replaced the following "four months". Art. 7. The financial companies (Holding), that is, companies that do not directly carry out any industrial or commercial activity: they are merely owning shares of other companies, are subject to the following tax treatment with exemption from all other taxes or other duties or t ssa : a) on incorporation, for once and for any capital increase: a contribution tax, stamp duty and register L.2,50 per thousand. B) Annual taxes: registration tax or trading L. 1 per thousand. In the application of the above actions taxes are calculated at nominal value. Art. 8. This Act comes into force immediately after its legal publication. Given at Our Residence, this day of December 9, 1946 (1646 dFR). THE CAPTAINS REGENT Filippo Martelli - Luigi Montironi THE SECRETARY OF STATE FOR INTERNAL AFFAIRS G. Forcellini (1) Already published separately at the date of promulgation.