A bestowal implies granting something.
A grant is an authorization or approval that is granted for some reason. It is a favorable opinion or endorsement on a certain matter.
For example: “The municipality has not yet announced the granting of the concession,” “Last night they notified me of the granting of the loan,” “The granting of licenses will begin on Monday the 8th.”
Granting by the State
Generally, for a bestowal to take place there must be an authority involved. A State agency, to name one possibility, can grant various permits that enable citizens to do something.
Suppose a person wants to sell their crafts in a park. The city authorities in question are likely to be responsible for managing commercial activity in public spaces through permits. The artisan, therefore, must request the government to grant authorization to offer his creations.
The granting of an award represents recognition.
Presentation of a prize
Awards , in another sense, also imply the granting of recognition .
When a writer receives the Nobel Prize in Literature , the granting of said distinction is due to the decision of the Swedish Academy . The awarding of the Ballon d'Or that annually declares the best footballer in the world, for its part, is the result of a vote among players, coaches and journalists promoted by FIFA .
Granting of credits
Banking institutions, in turn, decide to grant loans according to various analyzes they carry out on the applicant. Each bank has different policies in this regard but, at a general level, what these entities seek is to minimize the risk of non-payment through a study of the client's solvency.
One of the basic requirements when applying for any type of credit is a permanent employment contract, which is why people with illegal or sporadic jobs have no possibilities.
The public writings
The document in which a certain fact or right is recorded before a notary, who authorizes it, signs it together with the grantor(s) and attests to the legal capacity of the contents and of the date on which the act took place.
The public deed is a notarial instrument that can have one or more declarations of the individuals participating in a contract or an act, which are issued before a notary, who complements said information with the legal requirements that correspond to each particular case. , to then incorporate it into its own protocol and be able to make the relevant registration in the public registries.
The granting of a public deed of Constitution is the act by which the founding partners sign the deed in the presence of a notary and the Bylaws of the company are approved. On the other hand, the certification from the Central Commercial Registry, Denominations section, must be attached, which must be obtained before the celebration of the event.
When the granting of the deed has been completed, the notary must report the act to the registry, registering the name of the company therein. It is mandatory to register the deed of incorporation in the Commercial Registry of the registered office within two months from the day on which the grant took place.
The people who have the obligation to present the articles of incorporation so that it is registered in the Registry are the administrators and the founders; However, it is also possible that they delegate this task to third parties, taking the relevant legal precautions so that the act is valid. In any case, those jointly responsible for any damages that may arise from non-compliance with the articles of incorporation will always be the administrators and founders.