Developments In Corporate Law In Colombia

Companies constituted as an enterprise group must inform the Chamber of Commerce of such situation in order for it to be registered in the enterprise group registry. Registration includes all subordinate and affiliate companies over which a parent company has control. The registration before the Chamber of Commerce must be done through a private document that must contain : Corporate Name ; Domicile; Nationality; Activity and the situation that gives place to the control of the company. The registration must be done within the next thirty calendar days following the time when the control situation takes place. If the registration is omitted such omission will be subject to the correspondent legal sanctions.