The Reform of the Legislation on Commercial Companies

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SUMMARY: Introduction. Companies regulated by the Commercial Code. Limited liability companies. Joint stock companies. Recommended changes. The VALDEMAR FERREIRA project. The TRAJANO VALVERDE project. Draft project by CARLOS GUIMARÃES DE ALMEIDA. Conclusion.

* My purpose is not to give a lecture, in order to bring teachings indian bulk sms packages to my learned colleagues, but to ask their attention to a legal institute that I consider to be of the greatest relevance, such as that of commercial companies, whose regulation, despite valuable efforts to modernize it, has been relegated to oblivion.

Therefore, anyone who wants to study the structure and functioning of commercial companies today will have to start with the legislation of 1850, that is, with our centennial Commercial Code, regarding partnerships in a collective name, capital and industry partnerships, partnerships in a participation account and limited partnerships.

If you want to organize a limited liability company, you will have to look for the rules in law no. 3,708, of 1919, which is quite deficient and outdated.

And, as for joint-stock companies, you will find the 1940 diploma (decree-law no. 2,627), modified in many provisions and supplemented by scattered legislation that is always difficult to handle.