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ELECTRONIC LEGALIZATION

Book of Records/Registry Book of Partners/Registered Shares

As a result of the decision made by the Directorate General of Registries and Notaries (DGRN) on 12 February 2015, corporations and other commercial companies are now obligated to keep and legalize their books electronically.

This requirement is to be put into effect for the fiscal years from 29 September 2013 forward. However, for the businesses whose fiscal years coincide with the natural year, this decision will enter into effect for the 2014 fiscal year.

The electronic delivery must take place within the first four (4) months following the end of the fiscal year.

The latest date on which the companies may legalize their books is the 30th of April of each fiscal year.

The electronic processing platform of the Association of Registrars is to be used, and can be found on the web at www.registradores.org.

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