08 Mar Reform Ecuador Company Bylaws
We explain how to Reform Ecuador Company Bylaws
The importance of a company's bylaws is a point that is often not taken into account, especially if we are talking about Limited Companies. At the time of incorporation, a general text provided by the notary's office is usually used, which is often not read by the partners.
IMPORTANT: ANY ACT THAT AMENDS THE BYLAWS OF A COMPANY MUST COMPLY WITH THE SOLEMNITIES ESTABLISHED BY LAW.
Art. 33The establishment of branches, the increase or decrease of capital, the extension of the corporate contract, the transformation, merger, spin-off, change of name, change of domicile, validation, reactivation of the company in the process of liquidation and early dissolution, as well as all agreements and resolutions that alter the clauses to be registered and published, that reduce the duration of the company, or exclude any of its members, shall be subject to the solemnities established by law for the foundation of the company according to its type.
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