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MEMORANDUM OF ASSOCIATION IN ITALY

Investing in Italy


Memorandum of Association of S.p.A. and S.R.L. in Italy


Under the Italian law the content of the Memorandum of Association is as follows:

 

 SpA

 

 SRL

 

 

 

1) personal data of the shareholder(s), whether individuals or legal persons; number of shares owned by each shareholder

 

1) personal data of the shareholder(s), whether individuals or legal persons; value of capital parts of each shareholder

2) name of the company; municipality where the company and any secondary offices are to be located

 

2) name of the company; municipality where the company and any secondary offices are to be located

3) business of the company

 

3) business of the company

4) amount of capital subscribed and paid up

 

4) amount of capital subscribed and paid up

5) number and par value of shares; features of the shares; procedures for issue and circulation

 

5) contributions of each shareholder; value assigned to any assets; receivables transferred

6) value of the assets and receivables conferred when share capital is settled through payment in kind

 

6) share held by each shareholder

7) rules for allotment of profits to shareholders

 

7) rules governing the operation of the company, administration and representation

8) benefits granted to the sponsors or founding shareholders (if any)

 

8) individuals charged of management of the company;  parties appointed for auditing the accounts

9) selected system of governance; number of directors and their powers; directors which have powers to represent the company

 

9) total start-up costs charged to the company

10) number of members of the board of auditors

 

 

11) appointment of: the first directors; statutory auditors (or the members of the supervisory board, it depends on the selected structure of corporate governance); party responsible for auditing the accounts

 

 

12) total start-up costs charged to the company

 

 

13) duration of the company; for companies with an indefinite duration, the period of time (not exceeding one year) after which a shareholder may withdraw

 

 


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