Definition of Commercial Registry

The record mercantile is a institution in which all acts related to companies are registered, that is, their Constitution, increases and reductions of its capital, its administrators and proxies, mergers and transformations, bankruptcy or liquidation of a company, among other functions.

On the other hand, in the mercantile registers the commercial books are legalized, which companies must keep in a mandatory way. At the same time, the accounts for each accounting year are deposited annually so that the trade books are updated.

How to carry out a Commercial Registry

To register a company in the commercial register it is necessary to do so through a writing public. However, there are some cases in which enrollment is possible through a certification of the administrators of the society, for example the appointment of administrators, the approval of the annual accounts or the legalization of the books accountants.

Understand and respond to regulations

Normally the registration period of a company in the commercial register is about fifteen days, although there are some cases in which this circumstance may vary. Regarding its location, it may vary depending on the

legislation of each country (in the case of Spain they are found in the capitals of each province and in some significant localities due to their geographical location).

In each provincial registry all the companies that have their domicile in the same province are registered. As for the cost of registration, there is no fixed amount, but it depends on the value of the company that is registered. In any case, the amounts have been previously agreed by the administration of the state.

Consultation of the commercial register

A relevant aspect of the commercial register is its public dimension, so it can be consulted by anyone who requests it. In relation to your query, it can be done in two ways: personally in the registry itself or through Internet on the corresponding website.

The information that can be obtained is diverse: from the data of a company, its address, its purpose as a company, the capital it owns or the statutes by which it is governed.

Consulting the commercial register is the only way to verify the existence and situation of a company and, at the same time, who are the people who can act on its behalf.

On conclusion, the commercial register is intended to guarantee the safety legal related to commercial activity.

Topics in the Mercantile Registry