Any proposed transfer of equity securities or shares in a company that is to give rise to the appointment of a commercial court clerk practising within the company, as well as the value of the securities or shares to be transferred, shall be notified to the Minister of Justice by tele-procedure on the website of the Ministry of Justice. The same applies to any proposed increase in the company’s capital that is to give rise to the appointment of a commercial court clerk practising within the company, as well as to the value of the contribution in return for which the shares or equity securities are issued.
Unless the value of the shares or equity securities to be transferred or issued appears to be manifestly excessive, an order by the Minister for Justice ensures that this announcement is publicised and specifies the deadline for submitting applications. The deadline for candidates to submit their applications may not be less than thirty days from publication of the order in the Journal officiel de la République française. Applications shall be sent, by registered letter with acknowledgement of receipt or any other means that ensures receipt, to the transferring shareholder or to the company whose capital is to be increased.
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