Commercial Court of Appeals confirms that an error in the
declaration of a corporate domicile is a fineable offence.
Background
Through Resolution No. 10865/2015, the Public Registry of
Commerce of the City of Buenos Aires ("Inspección
General de Justicia" or "IGJ") applied a fine
of AR$ 3,000 to Belgaum S.A., and required the company to
amend within a 15-day term the registration of their corporate
domicile with the IGJ, under penalty of applying greater
sanctions.
The fine was applied as a consequence of an error made in the
affidavit filed by the company with the IGJ in compliance of
General Resolution 1/2010, in which the domicile declared (Av.
Monroe 5163, 3rd Floor, City of Buenos Aires) was different from
the domicile that the company had declared in their previous
registration (Av. Monroe 5163, 4th Floor, City of Buenos
Aires).
