Glossary entry

Italian term or phrase:

deliberazione costitutiva

English translation:

This has been formally approved by the Board,

Added to glossary by lcstranslations
Oct 21, 2021 13:16
2 yrs ago
22 viewers *
Italian term

deliberazione costitutiva

Italian to English Bus/Financial Finance (general) Articles of Association
9 - PATRIMONI DESTINATI
9.1 La società può costituire patrimoni destinati ad uno specifico affare ai sensi degli artt. 2447 bis e seguenti C.C..
9.2 La deliberazione costitutiva è adottata dal Consiglio di Amministrazione ai sensi dell’art. 15.1 lettera e) del presente statuto.

I have tried looking this up but nothing seems to make sense in this context

Proposed translations

+1
16 mins
Selected

This has been formally approved by the Board,

in accordance with art. ...
Note from asker:
Thank-you!
Peer comment(s):

agree philgoddard : Or "a resolution to this effect has been adopted".
8 mins
neutral Nick Pell : I like Phil's suggestion better
1 hr
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank-you"
3 hrs

inaugural, fundraising resolution

the inaugural, fundraising - referring back to costituire patrimoni - resolution has been adopted by....

An inaugural or UK statutory meeting is the first one of a company.

I'll leave our accountants to consider whether the erstwhile UK 'elective resolution' of a private company is a fuzzy match.
Example sentence:

Before 1 October 2007, there were five elective resolutions which could be adopted by private companies to: 1. Amend the duration of authority of directors to allot securities (section 80A, UK Companies Act 1985).

Note from asker:
thank-you
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