Where no public offer is made, or where a public offer mentioned in 1° or 2° of Article L. 411-2 of the Monetary and Financial Code or article L. 411-2-1 of the same code, the provisions of subsection 1 shall apply, with the exception of articles L. 225-2, L. 225-4, L. 225-7, the second, third and fourth paragraphs of Article L. 225-8 and articles L. 225-9 et L. 225-10.
Payments are evidenced by a certificate from the depositary drawn up, at the time the funds are deposited, on presentation of a list of shareholders showing the sums paid by each of them.
The Articles of Association contain the valuation of the contributions in kind. This is done in the light of a report appended to the Articles of Association and drawn up, under his responsibility, by a contributions auditor. If special benefits are stipulated, the same procedure is followed.
The Articles of Association are signed by the shareholders, either in person or by a proxy holder with special authority, after the custodian’s certificate has been drawn up and after the report provided for in Article L. 225-14.
The first directors or members of the Supervisory Board are designated in the Articles of Association.
The voting rights and dividend rights of shares or share denominations issued in breach of this sub-section are suspended until the situation is rectified. Any vote cast or dividend paid during the suspension period shall be null and void.
A société anonyme is managed by a Board of Directors consisting of at least three members. The Articles of Association set the maximum number of board members, which may not exceed eighteen. The Board of Directors is composed by seeking a balanced representation of women and men. However, in the event of the death, resignation or removal of the Chairman of the Board of Directors and if the Board has…
The directors are appointed by the constituent general meeting or by the ordinary general meeting. In the case provided for in Article L. 225-16, they are appointed in the Articles of Association. Their term of office is determined by the Articles of Association and may not exceed six years. However, in the event of a merger or demerger, the appointment may be made by the Extraordinary General Meeting. Directors may…
The proportion of directors of each sex may not be less than 40% at the end of the next general meeting called to vote on appointments, in companies which, for the third consecutive financial year, employ an average number of at least two hundred and fifty permanent employees and have net sales or a balance sheet total of at least 50 million euros. In these same companies, where the board…
The Articles of Association must provide for an age limit for the performance of the duties of director, applying either to all directors or to a specified percentage of them. Failing an express provision in the Articles of Association, the number of directors over the age of seventy may not exceed one third of the directors in office. Any appointment made in breach of the provisions of the preceding paragraph…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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