Investment company / Capital stock company opened. Commercial Code

Abstract

In Gazette No. 204 of October 29, 1990, Law No. 7201, Regulatory Law of the Securities Market and Reforms to the Commercial Code, is published. We are interested in said law to the extent that it seeks, among other purposes, the development of the stock market and, especially, of the stock market. A complement to the above supposes a public limited company understood not only as a way to carry out an economic activity, but also as an investment alternative accessible to the investing public, which requires some guarantee on the profitability and security of that investment, which is achieved, in part, with the necessary publicity about the economic situation of the offering company, so that the investor can assess the goodness or not of the securities offered on the Stock Exchange, that is, the so-called "principle of transparency", from the hand of the Right of the partners to be informed about the social activity. A true stock market also requires that investors, despite this minority participation in society, enjoy rights to intervene in the administration or control at least the management of the administrators, for which their rights must be clearly determined in the legislation.