The provisions of articles L. 225-209-2, L. 225-206 and L. 22-10-62 do not apply to fully paid-up shares acquired following a universal transfer of assets or following a court decision. However, shares must be sold within two years of the date of acquisition if the company owns more than 10% of its capital. On expiry of this period, they must be cancelled.
Shares owned in breach of articles L. 225-206 to L. 225-208 and L. 225-210 must be sold within one year of their subscription or acquisition. On expiry of this period, they must be cancelled.
A pledge by the company of its own shares, directly or through a person acting in his own name but on behalf of the company, is prohibited. Shares pledged by the company must be returned to their owner within one year. They may be returned within two years if the transfer of the pledge to the company results from a universal transfer of assets or a court decision. Failing this,…
A company may not advance funds, grant loans or give security with a view to the subscription or purchase of its own shares by a third party. The provisions of this article do not apply either to current transactions by credit institutions and finance companies or to transactions carried out with a view to the acquisition by employees of shares in the company, in one of its subsidiaries or in…
Articles L. 225-206 to L. 225-216 and L. 22-10-62, L. 22-10-64 and L. 22-10-65 are applicable to investment certificates.
The Ordinary General Meeting may appoint one or more statutory auditors under the conditions set out in Articles L. 225-228 and L. 22-10-66. Companies which, at the end of a financial year, exceed the thresholds set by decree for two of the following three criteria are required to appoint at least one statutory auditor: their balance sheet total, the amount of their turnover excluding tax or the average number of…
The statutory auditors shall be proposed for appointment by the general meeting by means of a draft resolution from the board of directors or the supervisory board or, under the conditions defined in section 3 of this chapter, from the shareholders. .
An association meeting the conditions set out in Article L. 22-10-44, as well as one or more shareholders representing at least 5% of the share capital, either individually or grouped together in any form whatsoever, may put questions in writing to the Chairman of the Board of Directors or to the Management Board about one or more management operations of the company, as well as, where applicable, of the companies…
One or more shareholders representing at least 5% of the share capital may, twice a financial year, put questions in writing to the Chairman of the Board of Directors or to the Management Board about any fact likely to jeopardise the continued operation of the company. The statutory auditor, if any, shall be informed of the answers.
Any public limited company may convert into a company of another form if, at the time of conversion, it has been in existence for at least two years and has drawn up and had approved by the shareholders the balance sheet for its first two financial years.
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is a Registered Trademark of
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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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