The Office of Companies (“IGJ” after its Spanish acronym) -under the direction of Inspector General, Mr. Daniel R. Vítolo- issued General Resolution 1/2024 (effective as of January 30, 2024) by which General Resolution 1/2022 was repealed.
General Resolution 1/2022 established that commercial companies whose articles of incorporation, articles of organization or by-laws had to be registered before the IGJ, could not contain a term of duration exceeding 30 years as from their registration.
In this way, the IGJ reinstates the regime that was in force prior to the implementation of General Resolution 1/2022. Under this regime, the “specified” duration period required by the Argentine Company Law (No. 19,550) or the Entrepreneurial Capital Support Law (No. 27,349) was interpreted to be up to a maximum of 99 years.
