The Market's Public Memory
The Commercial Registry is the public ledger of business life, tracking incorporation, statutes, directors, powers, and annual accounts. Its core power stems from legal publicity, which splits into two distinct effects.
| Effect | Rule | Consequence |
|---|---|---|
| Positive | Registered = presumed known by all | No counterparty can claim ignorance of recorded facts. |
| Negative | Unregistered = unusable against good faith | The company bears the cost of its own registry silence. |
Key rule: Registered means known to everyone; unregistered cannot harm a good-faith third party.
Registry Principles & Shield
Operating relies on five principles: Legality (registrars examine documents), Legitimation (presumed valid), Public faith (third-party reliance), Priority (first filed wins), and Tract (unbroken chains of inscription).
Pitfall: Failing to register director changes leaves you exposed. A supplier contracting with an ex-director in good faith binds your company.
Before signing major deals, always pull the registry sheet. It serves as both shield (protecting your published facts) and warning when ignored.