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COLOMBIAN COMMERCIAL CODE TITLE VI COMPANY ANONYMOUS CHAPTER I Constitution of the corporation   Article 373 .- The corporation is formed by the meeting of a social fund provided by shareholders liable up to the amount of their contributions, will be managed by temporary and revocable and managers have a name followed by the words "Sociedad Anonima" or the letters " SA " If society is formed, part or announced without such specification, administrators jointly and severally liable for the operations, social to be held. Article 374 .- The corporation shall not constitute or operate with less than five shareholders. Article 375 .- The capital of the corporation is divided into shares of equal value to be represented in securities. Article 376 .- The constitution of the company shall subscribe not less than fifty percent of authorized capital and paid no less than a third of the value of each share of capital sub

COLOMBIAN COMMERCIAL CODE TITLE V THE LIMITED LIABILITY COMPANY Article 353 .- The limited liability company members respond to the amount of their contributions. In the statutes may provide for all or some of the partners greater responsibility or ancillary or guarantees, express their nature, amount, duration and modalities. Article 354 .- Social capital is paid IntegraMed you by becoming the company, as well as any increase thereof solemnized. The capital is divided into shares of equal value transferable as provided by law or the statutes. The partners jointly and severally liable for the value attributed to the contributions in kind. Article 355 .- If it is found that contributions have not been fully paid, the Superintendent shall require, under duress of fines up (fifty thousand pesos) *, that such contributions are met or order the dissolution of society, without prejudice to the responsibility be deducted and partners in the partner

COLOMBIAN COMMERCIAL CODE CHAPTER III Company limited by shares Article 343 .- The constitutive act of the society need not be limited partners involved, but the writing always state the name, address and nationality of the subscribers, the number of shares subscribed, their nominal value and the share paid. The limited by shares can not be established or operated with less than five shareholders. Article 344 .- The capital of the company limited by shares will be represented in securities of equal value. While the shares have not been fully paid will necessarily be registered. The contribution of industry partners, managers do not form part of social capital. Such members may subscribe shares of capital without losing the quality of buses. Article 345 .- By becoming the company must sign at least fifty percent of the shares to divide the authorized capital and paid even a third of the value of each share subscribed. In subsequent s

COLOMBIAN COMMERCIAL CODE CHAPTER II  Limited partnership   Article 337 .- The deed of the limited partnership shall be granted by all general partners, with or without the intervention of limited partners, but is always expressed in the name, address and nationality of these, and the contributions made ​​by each a partner. Article 338 .- The parties of interest of the general partners and limited partners share will be transferred by deed, whichever register the assignment in the commercial register. The transfer of the shares of interest of one partner will require the unanimous approval of members; the transfer of the shares of a limited partner, the unanimous vote of the other limited partners. Article 339 .- The powers of inspection and internal monitoring of the company shall be exercised by the  unlimited liability, without prejudice to appoint an auditor, where the majority so decides. Article 340 .- Without prejudice t

COLOMBIAN COMMERCIAL CODE TITLE IV  Of limited partnerships CHAPTER I Common provisions Article 323 .- The limited partnership form is always between one or more partners to undertake joint and several unlimited liability for corporate transactions and one or more partners that limit liability to their respective contributions. The first is called the managing partners or groups and the latter limited partners. Article 324 .- The name of the limited partnership be formed as the full name or surname only of one or more general partners and added the words "and company" or the abbreviation "& Cia." followed in all cases the abbreviated "S. en C." or the words "partnership limited by shares" or the abbreviation "SCA", whether by action, otherwise than for all legal purposes the presumption of law that society is collective. The limited partner or stranger to the society that tolerates the inclu

COLOMBIAN COMMERCIAL CODE CHAPTER III Administration and society representation Article 310 .- The administration of the partnership shall be for each and every one of the partners, who may delegate it to his associates or strangers, in which case the delegating will be inhibited for the management of corporate business. Delegates will have the same powers conferred on the managing partners by law or by statute, explicitly subject to the limitations imposed on them. Article 311 .- The representation of society will imply the ability to use the firm name and to hold all the operations in the ordinary course of company business. Article 312 .- Delegate administration to several people, without determining their functions and powers, deemed to be entitled to exercise any act of administration separately. When you require them to act together, they can not act alone. Article 313 .- Delegated administration of society, or partners that have

COLOMBIAN COMMERCIAL CODE CHAPTER IV Special rules on dissolution of the partnership Article 319 .- The partnership will be dissolved on the grounds provided for in Article 218y, in particular for the following: 1. Upon the death of any partner if no time is stipulated its continuation with one or more heirs or survivors with partners; 2. Disability occurring after any of the partners, unless the society agreed to continue with others, or accept that rights could not be exercised by his representative; 3. By (bankruptcy) * any of the partners, if others do not acquire their social interest or do not accept the assignment to a stranger, when required by the (bankruptcy trustee) °, within thirty days; 4. On the forced alienation of the interest of any of the partners in favor of a stranger, if the other partners do not agree within thirty days to continue the partnership with the acquirer and 5. On resignation or retirement justifie

COLOMBIAN COMMERCIAL CODE CHAPTER II The name Article 303 .- The name is formed with the full name or surname only one or some of the partners followed by the words "and company", "brothers", "and children", or similar, if not include full names or the names of all partners. You can not include the name of a stranger in the name. Who will tolerate, will be responsible for persons who have contracted with the society. Article 304 .- The death of a member whose name or last name integrates not prevent the company continue to use it as you continue with the heirs or when they, being capable, express consent. In such cases add the word "successors." Article 305 .- When the name is formed with the full name or surname of a partner, and he cede its entire stake in society, can continue using the same name with the word "successors." Article 306 .- The reason or firm name may be used only by pers

COLOMBIAN COMMERCIAL CODE TITLE III THE PARTNERSHIP CHAPTER I Partners Article 294 .- All members of society as a collective name jointly and unlimitedly liable for the transactions. Any stipulation to the contrary shall be null and void. This responsibility may be deducted against the partners when it is demonstrated, even out of court, the company has been asked in vain for payment. In any case, the partners may rely on the exceptions that have the s ociety from your creditors. Article 295 .- Any corporation may be part of a partnership, upon the decision of the assembly or the board of trustees by the unanimous vote of the members. Void entry into society when they violate this provision. Article 296 .- Each member must obtain permission of his associates for: 1. Transfer all or part interest in the company; 2. Delegate in a strange management functions or surveillance of society; 3. Exploiting self-employed or employed

COLOMBIAN COMMERCIAL CODE CHAPTER II Balances Article 289 .- under surveillance societies sent to the Superintendent copies of year-end balances with the state of the profit and loss account and in any case the cut in December 31 of each year, prepared in accordance with the law. This balance will be "certified". The Superintendent will make observations of the case, when the balance does not conform to the requirements on the subject. Article 290 .- Repealed. Act 222 of 1995, Arts. 37 and 38. Article 291 .- The balance sheet and income statement is appended the following info rmation: 1. The stock companies indicate the number of shares that is divided capital, face value, and those that have been bought back. If there are preferred shares or distinguished by class or series, specifying the differences or benefits of such agencies; 2. With regard to investments in companies indicate the number of shares, or

COLOMBIAN COMMERCIAL CODE TITLE II  INSPECTION AND MONITORING OF SOCIETIES CHAPTER I Superintendent of Corporations Article 266 .- Repealed. Act 222 of 1995, Section 242. Section 267 .- Repealed. Act 222 of 1995, Section 242. Article 268 .- Repealed. Act 222 of 1995, Section 242. Article 269 .- Repealed. Act 222 of 1995, Section 242. Article 270 .- Repealed. Act 222 of 1995, Section 242. Article 271 .- Repealed. Act 222 of 1995, Section 242. Article 272 .- Repealed. Act 222 of 1995, Section 242. Article 273 .- Repealed. Act 222 of 1995, Section 242. Article 274 .- Repealed. Act 222 of 1995, Section 242. Article 275 .- Repealed. Act 222 of 1995, Section 242. Article 276 .- Repealed. Act 222 of 1995, Section 242. Article 277 .- Repealed. Act 222 of 1995, Section 242. Article 278 .- Repealed. Act 222 of 1995, Section 242. Article 279 .- Repealed. Act 222 of 1995, S