Procedures a company must follow when changing its legal representative

Procedures for Changing the Legal Representative of a Company

1. Shareholders’ Meeting: Resolution to appoint a new legal representative. (To be carried out after the new representative has obtained a visa and RFC).
2. Notarization and Registration: Notarization of the shareholders’ resolution and registration with the Public Commercial Registry.
3. Notifications to Government Authorities of the Change of Legal Representative:
   1. Tax Administration Service (SAT)
   2. Social Security Institute (IMSS) / Housing Fund (INFONAVIT)
   3. Ministry of Economy (Secretaría de Economía): Foreign Investment Registry (RNIE) / IMMEX program
   4. National Immigration Institute (INM)
   5. State Treasury
   6. Importer’s License (Padrón de Importadores)
   7. Banks
   8. Other updates regarding authorized signatories to contracts