In accordance with Law 39/2015, of 1 October, the representations registered in the electronic registers of powers of attorney will have a maximum validity of 5 years from the date of registration, without prejudice to the fact that, before the at the end of this period, the power of attorney extends or revokes this power.
In the event of an extension, the maximum duration of the performance will be 5 years from the date of registration and may be extended successively within the 5 years established for the validity of your registration.
It should be noted that the term of office of public limited companies is 6 years (Royal Legislative Decree 1/2010, of 2 July). Therefore, it may be the case that a legal representation based on notarial powers, duly registered in REPRESENTS prior validation of the powers, is listed as expired because 5 years have elapsed but the power on which the registration is based is still in force, remaining 1 year.
In this case, if the representative acts on behalf of the power of attorney, he should provide a copy of the deed or register an extension of the representation for a period of 1 year.
