It is savings accumulated and at the owner’s disposal
Posted: Thu Jan 23, 2025 3:54 am
And, in addition to the laws, projects and authors, national and foreign, previously mentioned that support the need and convenience, the importance and superiority, the value and benefits of maintaining bearer shares, the testimonies of CH could still be invoked. LYON-CAEN and L. RENAULT.
Finally, as JM OTHON SIDOU also points out, since the operating mechanism of public limited companies is much more complex and has unparalleled publicity, and the advantage they have over limited companies, of the maximum ease of circulation of securities, disappears, the latter will inevitably be preferred.
“This gives an idea of the inferior position that corporations in Brazil bulk sms spain will be in with the compulsory conversion of their bearer shares into registered shares, especially if the absurdity of taxing the general dividend on shares at 50% prevails.”
“Once the interest in bearer securities has been strangled, it would not be pessimistic to foresee that the transformations will occur in the opposite direction, that is, we will not say large companies, but medium and small companies will seek to convert themselves into limited liability companies, a type in which, at the very least, they will not be obliged to annually and publicly disclose their economic situation”.
And further:
“Another argument, and perhaps the most powerful, blatantly opposes the requested conversion.”
“There is no denying that corporations, even since the madness of the siloing, at the dawn of the Republic, have provided a powerful contribution, if not the largest share, to the movement of business in the country. The governments themselves, honoring their form, have made extensive use of them, and such are the Companhia Siderúrgica, Vale do Rio Doce, Companhia de Alcalis and the Hidrelétrica da São Francisco, as enterprises for which private savings were appealed.
Finally, as JM OTHON SIDOU also points out, since the operating mechanism of public limited companies is much more complex and has unparalleled publicity, and the advantage they have over limited companies, of the maximum ease of circulation of securities, disappears, the latter will inevitably be preferred.
“This gives an idea of the inferior position that corporations in Brazil bulk sms spain will be in with the compulsory conversion of their bearer shares into registered shares, especially if the absurdity of taxing the general dividend on shares at 50% prevails.”
“Once the interest in bearer securities has been strangled, it would not be pessimistic to foresee that the transformations will occur in the opposite direction, that is, we will not say large companies, but medium and small companies will seek to convert themselves into limited liability companies, a type in which, at the very least, they will not be obliged to annually and publicly disclose their economic situation”.
And further:
“Another argument, and perhaps the most powerful, blatantly opposes the requested conversion.”
“There is no denying that corporations, even since the madness of the siloing, at the dawn of the Republic, have provided a powerful contribution, if not the largest share, to the movement of business in the country. The governments themselves, honoring their form, have made extensive use of them, and such are the Companhia Siderúrgica, Vale do Rio Doce, Companhia de Alcalis and the Hidrelétrica da São Francisco, as enterprises for which private savings were appealed.