A special report informs the Ordinary General Meeting each year of the transactions carried out under the provisions of Articles L. 225-197-1 to L. 225-197-3. This report also gives an account of: the number and value of shares which, during the year and by virtue of the offices and functions held in the company, have been allocated free of charge to each of these officers by the company and by…
The Ordinary General Meeting of the company that directly or indirectly has majority control over the company awarding the free shares shall be informed in accordance with the conditions set out in article L. 225-197-4.
Capital amortisation is carried out by virtue of a stipulation in the Articles of Association or a decision of the Extraordinary General Meeting and using distributable sums within the meaning of Article L. 232-11. This amortisation may only be carried out by means of an equal repayment on each share of the same class and does not result in a reduction in capital. Shares that have been fully amortised are…
Shares that have been fully or partially amortised lose their right to the first dividend provided for in article L. 232-19 and the repayment of the nominal value. They retain all their other rights.
Where the capital is divided either into capital shares and fully or partially amortised shares, or into unequally amortised shares, the General Meeting of shareholders may decide, under the conditions required for amending the Articles of Association, to convert the fully or partially amortised shares into capital shares. To this end, it provides that a compulsory deduction will be made, up to the amortised amount of the shares to be…
Shareholders may be authorised, under the same conditions, to pay the company the amortised amount of their shares, increased, where applicable, by the first dividend or the statutory interest for the period elapsed in the current financial year and, where applicable, for the previous financial year.
The decisions provided for in articles L. 225-200 and L. 225-201 are subject to ratification by special meetings of each category of shareholders with the same rights.
The Board of Directors or the Management Board, as the case may be, shall make the necessary amendments to the clauses of the Articles of Association, insofar as these amendments correspond materially to the actual results of the operations provided for in Articles L. 225-200 and L. 225-201.
A capital reduction is authorised or decided by the Extraordinary General Meeting, which may delegate to the Board of Directors or the Management Board, as the case may be, all powers to carry it out. Under no circumstances may it affect the equality of shareholders. A report drawn up by the statutory auditors, if any, on the proposed transaction shall be communicated to the company’s shareholders within a period set…
When the meeting approves a proposed capital reduction not motivated by losses, the representative of the bondholders’ group and the creditors whose claims predate the date on which the minutes of the deliberations are filed with the registry may lodge an objection to the reduction, within the period set by decree in the Conseil d’Etat. A court decision rejects the objection or orders either the repayment of the claims or…
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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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