NewsWhore
06-01-2009, 06:20 PM
The National Business Council (CONEP) is asking for an extension of the period for converting Dominican companies to the business structures established in the new Corporate Law 479-08 (Ley de Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada). Companies with assets of RD$30 million and more need to be restructured by 11 June 2009.
Conep wants an extension of 18 months for companies to adapt to the new rules. Lisandro Macarulla, president of Conep, says that the original six-month grace period for the implementation of the law is not enough for business owners. Macarulla says he has been hearing a great deal of concern and confusion about the new law.
You can follow the story here: www.dr1.com/forums/legal/88055-corporate-alert-new-company-law-enacted.html (http://www.dr1.com/forums/legal/88055-corporate-alert-new-company-law-enacted.html)
More... (http://www.dr1.com/index.html#6)
Conep wants an extension of 18 months for companies to adapt to the new rules. Lisandro Macarulla, president of Conep, says that the original six-month grace period for the implementation of the law is not enough for business owners. Macarulla says he has been hearing a great deal of concern and confusion about the new law.
You can follow the story here: www.dr1.com/forums/legal/88055-corporate-alert-new-company-law-enacted.html (http://www.dr1.com/forums/legal/88055-corporate-alert-new-company-law-enacted.html)
More... (http://www.dr1.com/index.html#6)