The Commercial Companies Code project

[mahbubamim077]

I. The name of these companies, as stated in law no. 3,708, is erroneous , as stated, with his usual accuracy, by professor VALDEMAR FERREIRA (“Revista de Direito Mercantil, Industrial e Financeiro”, vol. V, page 20), because, in truth, this type of company is not a limited liability company.

The limitation of liability applies only to the shareholders , as does that of the shareholders in public limited companies .

But the company (legal entity) is unlimitedly liable for all obligations it assumes.

And the limitation that exists is that resulting from the legal entity's own assets, which may be much greater than the figure expressing the share capital.

Limited liability companies
II. Article 3 of Law No. 3,708 of 1919, when declaring that cambodia bulk sms package limited liability companies shall adopt the name or denomination , added in a paragraph that “the denomination should, whenever possible, make known the purpose of the company”. In the wording of the law, as it appears in the official edition of the country's laws, the word quanto is mentioned , and not quando , as it appears in the reproduction of the law in unofficial editions. This gave rise to a very serious controversy raised by the National Department of Industry and Commerce, which does not allow the filing of contracts of those companies without specifying, in the denomination, their respective purpose.

The Commercial Companies Code project, by professor VALDEMAR FERREIRA, adopted the word when , thus making its purpose optional in the company's name. The TRAJANO VALVERDE project mentions the word when , which places it within the current DNIC guidelines, that is, it requires the specific determination of the purpose of the company, which is to be established with the name .