The distinguished parliamentarian also claims that

[mahbubamim077]

The Corporations Law itself also provides that, “when the law requires that all or a certain number of shareholders be Brazilian, the shares of the corporation or corporation shall be registered,” 9 which is why the following shares must be registered: 1) capitalization corporations; 10 2nd) of air transport companies, airports, aerodromes and civil aeronautical schools;

3rd) of companies that aim to take advantage of waterfalls and bulk sms argentina other sources of hydraulic energy; 12 4th) of mining companies; 13 5th) of fishing companies and related industries; 14 6th) of deposit banking establishments; 15 7th) of companies intended for the operation of oil refineries, 16 as well as Petrobrás SA; 17 8th) of insurance companies. 18

On the other hand, “the indispensable supervision and security” of deposit banks, insurance companies, mining and electric power companies, may not be affected in any way or insignificantly by the lack of or, on the contrary, ensured by the mandatory nominative nature of the shares of such companies, which, however, can be fully and perfectly obtained by other measures of correct economic policy.

Regarding the claim that bearer shares serve as a means to “circumvent the legal limitation on donations and hereditary quotas”, registered shares would not ensure this much better when there was a real need to overcome this limitation, since fraud would soon find ways to circumvent it, constituting this and the measures that oppose it “a perpetual struggle between tax authorities and taxpayers”. 19

Regarding the alleged evasion of inheritance and income taxes , the Income Tax Division itself, having been heard on the matter, stated the following: