Sums deducted from company profits pursuant to the second paragraph of article L. 225-200 are recorded in a reserve account. The same applies to sums paid by shareholders pursuant to article L. 225-201. When the shares are unequally amortised, a reserve account is opened for each of the equally amortised classes of shares.
When the amount of a reserve account provided for in the first paragraph of Article R. 225-146 is equal to the amortised amount of the shares or the corresponding class of shares, the amortised shares shall be converted into capital shares and the company’s Articles of Association shall be amended in accordance with the provisions of Article L. 225-203.
When the conversion of amortised shares into capital shares has been carried out under the conditions provided for in Article L. 225-201, no later than the end of each financial year, the Articles of Association shall be amended to reflect any conversions of shares carried out during that financial year.
Fully or partially amortised shares whose conversion into capital shares has been decided are entitled, for each financial year, and until such conversion is completed, to the first dividend or interest in lieu thereof calculated on the amount, at the close of the previous financial year, of the reserve account provided for in the first paragraph of Article R. 225-146. In addition, partially amortised shares continue to benefit from the…
At least fifteen days before the General Meeting called to vote on the proposed transaction pursuant to Articles L. 225-204 or L. 22-10-62, the company shall send to the shareholders or make available to them under the conditions provided for in articles R. 225-88 and R. 225-89 the statutory auditors’ report on this transaction.
For the purposes of determining the ceiling provided for in Article L. 22-10-62, the General Meeting shall set the maximum number of shares that may be acquired and the maximum amount of the transaction. The General Meeting shall also set the maximum number of shares that may be acquired and the maximum amount of the transaction.
For the application of the first paragraph of article L. 225-205, the time limit for creditors to object to the capital reduction is twenty days from the date of filing at the registry of the minutes of the general meeting which decided or authorised the reduction. The objection is lodged with the Commercial Court.
When the company has decided to purchase its own shares with a view to cancelling them and reducing its capital accordingly, it shall make this purchase offer to all shareholders. To this end, a notice of purchase shall be inserted in a medium authorised to receive legal announcements in the department of the registered office and, in addition, if all its shares are not in registered form, in the Bulletin…
The notice provided for in Article R. 225-153 shall state the name and form of the company, the address of the registered office, the amount of the share capital, the number of shares being considered for purchase, the price offered per share, the method of payment, the period during which the offer will be maintained and the place where it may be accepted. The period provided for in the previous…
If the shares presented for purchase exceed the number of shares to be purchased, each selling shareholder is entitled to a reduction proportional to the number of shares he proves he owns or holds. If the shares presented for purchase do not reach the number of shares to be purchased, the share capital is reduced by the amount of the shares purchased. However, the Board of Directors or the Management…
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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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