Granting of Powers in Assembly Minutes

Before the start of a general assembly or shareholders’ meeting, it is important to verify the attendees, whether they are the same partners and shareholders or their appointed representatives.

At Contadores Dominicanos, we offer the service of granting powers in assembly minutes in the Dominican Republic. Our team of expert corporate lawyers is responsible for advising and guiding companies throughout the entire process, from the convening and holding of the assembly to the legalization of the minutes.

What is the granting of powers in assembly minutes?

The granting of powers in assembly minutes is a legal procedure by which authority is conferred to a person or entity to act on behalf of a company or entity in the Dominican Republic.

This legal figure allows for the delegation of specific powers and authorities to a legal representative to carry out actions and make decisions on behalf of the organization.

Importance of Granting Powers in Assembly Minutes

The granting of powers in assembly minutes is a crucial tool for companies and entities in the Dominican Republic. By properly delegating powers, it ensures that legal representatives have the necessary authority to make decisions, enter into contracts, conduct financial transactions, and carry out all required business activities on behalf of the organization.

Process of Granting Powers in Assembly Minutes

Convening and holding the assembly: A meeting of the company’s shareholders or partners is convened to hold the assembly during which the powers will be granted. During the assembly, the terms and conditions of the powers to be granted are discussed and approved.
Drafting the assembly minutes: The assembly minutes are drafted to reflect the decisions made during the meeting, including the granting of powers. The minutes must be prepared in accordance with legal requirements and contain precise and detailed information about the powers granted.
Legalization and registration of the assembly minutes: The assembly minutes must be legalized and registered with the Chamber of Commerce and Production corresponding to the company’s domicile. This process ensures the validity and legality of the granted powers.

Our services include:

Legal advice on the drafting and preparation of assembly minutes.
Review and analysis of the terms and conditions of the powers to be granted.
Legalization and registration of the assembly minutes with the Chamber of Commerce and Production.
Legal representation at all stages of the power-granting process.