Italian Enterprises Registry Becomes Operational

The introduction of the regulatory provisions enacting the Law 29/12/93 no. 580 now seems imminent, and with which, some fifty-two years after the promulgation of the Italian Civil Code, the Registry of Enterprises provided for under Art. 2188 of the Code has finally been established.

Until now (and, in fact, for the time-being until the above-mentioned legislation enters into force) the "transitory" regime provided for under Art. 100 of the Transitional Provisions of the Civil Code has regulated this area. The said Art. 100 provides that the registration of commercial companies is to take place at the Clerk's Office set up for the purpose at the competent court - with a total exemption, however, for commercial undertakings the owners of which are individual entrepreneurs or public agencies - and that the Clerk's Office also provides for the registration of acts and resolutions specified therein, which are the same as those provided for in the previous legislation of 1865.