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…
I.-The subscription by the company of its own shares, either directly or by a person acting in his own name but on behalf of the company, is prohibited. The founders or, in the case of an increase in capital, the members of the Board of Directors or the Management Board, as the case may be, are required, under the conditions set out in Article L. 225-251 and the first paragraph…
The General Meeting that has decided on a capital reduction not motivated by losses may authorise the Board of Directors or the Management Board, as the case may be, to purchase a specific number of shares in order to cancel them.
Companies which allow their employees to share in their results by allocating their shares, those which allocate their shares under the conditions provided for in articles L. 225-197-1 to L. 225-197-3 of this Code and those which grant options to purchase their shares under the conditions set out in articles L. 225-177 et seq. may, for this purpose, buy back their own shares. The shares must be allocated or the…
The Ordinary General Meeting may authorise the Board of Directors or the Management Board, as the case may be, to purchase the company’s shares, in order to offer them or allocate them: – in the year in which they are purchased, to the beneficiaries of a transaction mentioned in Article L. 225-208 of this code or intervening within the framework of articles L. 3332-1 et seq. of the French Labour…
The company may not own, directly or through a person acting in its own name but on behalf of the company, more than 10% of its total own shares, nor more than 10% of a given class. These shares must be held in registered form, with the exception of shares bought back to promote the liquidity of the company’s shares, and must be fully paid up at the time of…
Records of purchases and sales made pursuant to articles L. 225-208, L. 22-10-62, L. 225-209-2, L. 228-12 and L. 228-12-1 must be kept, under the conditions laid down by decree in the Conseil d’Etat, by the company or by the person responsible for servicing its securities. The Board of Directors or the Management Board, as the case may be, must indicate, in the report provided for in Article L. 225-100,…
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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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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