Contrasting information. A ppt to teach some topics related to Company Law. Capitalisation. ILEC exam

1. And OTHER IMPORTANT “ILEC” TOPICS:
CAPITALISATION.

2.  A—---- In contrast
to
As
opposed
to-Unlike
B---------, BODY.
In contrast
to
As
opposed
to-Unlike
--------A, B---------, BODY.

3. A,-----------B, --------Body, BODY.In contrast
to
As opposed to
Unlike
Which
Who
where
In contrast
to
As opposed to
Unlike
B,
Which
Who
where
Body, B BODY.

4. CAPITALIS
ATION.
ISSUE
SHARES
OFFER NEW
SHARES TO
EXISTING
SHAREHOLDER
S
Pre-
empttion
rights
Waive
p.e.r. by
special
resolution
.
SHAREHOLDERS
COMPANY
LOAN CAPITAL:
DEBENTURES.DEBENTURES
FIXED
CHARGE.
DEBENTURES
FLOATING
CHARGE.
OR:

5.  EN ARGENTINA: ley 23.576 OBLIGACIONES
NEGOCIABLES y Art. 325 ley 19.550
 Sociedades por acciones, cooperativas y
asociaciones civiles pueden contraer empréstitos
mediante la emisión de obligaciones negociables
(art. 1).
 Garantía FLOTANTE, ESPECIAL O COMUN. (art. 3)
 GARANTIA COMUN O ESPECIAL: su privilegio se
limita a uno o varios inmuebles.
 GARANTÍA FLOTANTE: no se limita a inmuebles.

6.  LEY 19.550 ART. 186 y s.s.
 Art. 186: CONTRATO DE SUSCRIPCION de
CAPITAL:
PRECIO DE CADA ACCION
Precio unitario y total Condiciones de pago.
ACCIONES SUSCRIPTAS
Cantidad, valor nominal Clase y caracteristicas
CONTRATO SUSCRIPCION DE CAPITAL
DOBLE EJEMPLAR DATOS DEL ACCIONISTA
INTEGRACION
MINIMA DEL
25 % EN
EFECTIVO PUEDE
HABER
AUMENTOS
DE CAPITAL
SOCIAL
HASTA EL
QUINTUPLO.
Art.
188
Art.
187
SUSCRIPCION
PREFERENTE. Art.
194 (= PRE-
EM.RIGHTS)

7. An issue of new
shares for cash.
To existing
shareholders.
Shares are issued
proportionally
Good way of
raising new cash
from shareholders
Rights issue must
be made BEFORE
making a new
issue to the
public.

8.  When a shareholder takes up the pre-emption
rights,
 He can maintain his existing percentage
holding in the company.
 Sometimes Shareholders waive their rights
and sell them to others.
 Other times, Shareholders VOTE TO CANCEL
their pre-emption rights.
 The price of the share is much lower than the
market price of the shares. Discounts up to 20
or 30 per cent.