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The Superintendence of Industry and Commerce (SIC) established the thresholds that will be taken into account to determine whether there is…
To embed, copy and paste the code into your website or blog: Article 30 of Law 222 of 1995 establishes the obligation for controlling companies to request the registration of the control or business group situation, within 30 business days following its establishment or amendments. According to Article 86, paragraph 3 of Law 222 of 1995, the Superintendence of Companies has the power to impose sanctions or fines of up to 200 legal monthly minimum wages to those who fail to comply with its orders, the law or the bylaws. Therefore, failure to register the control situation or business group, o...