Consequences of the revoked NIF in registry access

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On 18th September 2024, the General Directorate of Legal Certainty and Public Faith, addressed an appeal against the qualification of the Property Registrar of Huelva No. 1, which suspended the registration of two deeds of sale due to the suspension of the Tax Identification Number (NIF) of the intervening entities. The deeds in question, authorised […]

Review of clauses on variable remuneration in the bylaws

The clauses in the articles of association regulating the variable remuneration of directors in companies must include ‘general reference indicators or parameters’ for the determination of such remuneration, stressing that ambiguity in these concepts may lead to their nullity, in accordance with the Directorate General for Legal Security and Public Faith (DGSJFP) in its resolution […]

The impossibility of registering ‘disagreements’ in the Companies Register

The Commercial Register does not allow the registration of proposals discussed at a shareholders’ general meeting that do not become resolutions due to tied votes, according to the decision of the Directorate General for Legal Certainty and Public Faith of 31 October 2024 (BOE no. 282 of 22 November), which confirmed the refusal to register […]