KudoZ home » Spanish to English » Finance (general)

se afecta

English translation: Pursuant to Article 158 of the Business Corporations Act, the XXX UNIPERSONAL Shareholder here

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	se afecta
English translation:	Pursuant to Article 158 of the Business Corporations Act, the XXX UNIPERSONAL Shareholder here
Entered by:	Joan Chastain

Options:
- Contribute to this entry
- Include in personal glossary

23:44 Jun 12, 2004

Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Capital Increase

Spanish term or phrase: se afecta

***Se afecta*** en este acto, previa renuncia del accionista XXX” UNIPERSONAL, a su derecho de suscripción preferente establecido en el artículo 158 de la Ley de Sociedades Anónimas, el socio mayoritario, “XXX, S.A.” ofrece suscribir íntegramente esta ampliación de capital, lo que es aceptado unánimemente por la Junta general

Joan Chastain

Pursuant to Article 158 of the Business Corporations Act, the XXX UNIPERSONAL Shareholder here

Explanation:
wow - what complicated syntax! does this suggested rewrite make sense in your context?

--------------------------------------------------
Note added at 1 hr 6 mins (2004-06-13 00:51:09 GMT)
--------------------------------------------------

Sorry - the senstence got cut off:
Pursuant to Article 158 of the Business Corporations Act, the XXX UNIPERSONAL Shareholder hereby waives its preferred subscription right in advance, with the majority shareholder XXX S.A. offering to subscribe to this capital increase in full, which is unanimously accepted by the Board.

Selected response from:

CarolynB

Grading comment

Thanks for your help

4 KudoZ points were awarded for this answer

Summary of answers provided

3 +1

Pursuant to Article 158 of the Business Corporations Act, the XXX UNIPERSONAL Shareholder here

CarolynB

NOW THIS DEED WITNESSETH THAT; It is hereby stipulated that

xxxKirstyMacC

it is hereby allocated

BAmary

goes into effect

Felipe Massa

Discussion entries: 1

Answers

5 mins confidence:

goes into effect

Explanation:
The shareholder is declaring that by this action he/she accepts the new terms of the agreement.

--------------------------------------------------
Note added at 7 mins (2004-06-12 23:52:08 GMT)
--------------------------------------------------

you could change the wording to say something like: \"by this act shareholder XXX...\"

Felipe Massa
Specializes in field
Native speaker of:

English,

Portuguese

22 mins confidence:

it is hereby allocated

Explanation:
Parece para la Argentina, no? Para mí "afectar" es "to allocate", pero no parece adecuado para esta oración. Tiene más sentido lo que dice Felipe, pero no me animo a apretar el "agree" porque no estoy del todo segura...

BAmary
Local time: 22:21
Native speaker of:

Spanish
PRO pts in category: 35

37 mins confidence:

peer agreement (net): +1

Pursuant to Article 158 of the Business Corporations Act, the XXX UNIPERSONAL Shareholder here

CarolynB
Native speaker of:

English
PRO pts in category: 8

Grading comment

Thanks for your help

17 hrs confidence:

NOW THIS DEED WITNESSETH THAT; It is hereby stipulated that

Explanation:
Afectar is many times in the ProZ.Glossary as 'to appropriate etc.' though a common meaning is 'assign by way of charge'. BTW, shares are allotted to an allottee and not allocated.

Also note the caps for the first alt. and the inclusion of 'that' for both:

Sentence could go on: '.. following waiver by the shareholder XXX (delete comma after UNIPERSONAL) of its right of pre-emption specified in ..., the majority shareholder/ member .. does offer to subsctibe for this capital increase in full - which is ...'

'... NOW THIS DEED WITNESSETH THAT in pursuance to the said agreement and in consideration of the sum of Rs..... ... AND THIS DEED FURTHER WITNESSETH THAT. ...'

Reference: http://www.helplinelaw.com/docs/main.php3?id=MGDD1

xxxKirstyMacC
Local time: 03:21
Native speaker of:

English
PRO pts in category: 27

Return to KudoZ list

KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

Overview

Latest translation questions

Ask a translation question

See also:

ProZ.com term search

Search millions of term translations

se afecta

English translation: Pursuant to Article 158 of the Business Corporations Act, the XXX UNIPERSONAL Shareholder here

Login or register (free and only takes a few minutes) to participate in this question.

Answers

Sign in to your ProZ.com account...

Or create a new account

ProZ.com ideas

KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

se afecta

English translation: Pursuant to Article 158 of the Business Corporations Act, the XXX UNIPERSONAL Shareholder here

Login or register (free and only takes a few minutes) to participate in this question.

Answers

Sign in to your ProZ.com account...

Or create a new account

ProZ.com ideas

KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.