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What is Legal Reserve in Commercial Code Explained about?

The legal reserve is a mandatory savings requirement for certain companies, established in Articles 350, 371, 452, and 476 of the Commercial Code, which mandates that joint-stock companies, limited liability companies, and others must create a reserve amounting to at least 50% of the subscribed capital. This reserve is formed by allocating 10% of annual profits until the required amount is reached, and if it decreases, the company must replenish it. The document also outlines various commercial acts governe

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