Chapter II: Provisions applicable to non-trading private legal entities with an economic activity.

The non-trading private legal entities with an economic activity, mentioned in article L. 612-1, are required to draw up annual accounts and to appoint at least one statutory auditor and one alternate auditor when, at the end of the calendar year or at the close of the financial year, they exceed the figures set out below for two of the three following criteria: 1° Fifty for the number of employees;…

The annual accounts comprise a balance sheet, an income statement and notes to the accounts. They are prepared in accordance with the accounting principles and methods defined in articles L. 123-12 et seq. and articles R. 123-172 to R. 123-208 made for their application, subject to the adaptations made necessary by the legal form or the nature of the activity of these legal entities. The charts of accounts applicable to…

Non-trading private-law legal entities with an economic activity which, at the end of the calendar year or at the close of the financial year, have three hundred or more employees or whose turnover excluding tax or resources is equal to or greater than 18,000,000 euros, are required to draw up the documents mentioned in Article L. 612-2. These criteria are defined in accordance with the provisions of article R. 612-1….

When the statutory auditor implements the warning procedure provided for in Article L. 612-3, the provisions of articles R. 234-1 et seq if the legal person has a collegiate body responsible for administration distinct from the body responsible for management, or articles R. 234-5 et seq in other cases. For the application of these two provisions, the president of the competent court is that of the judicial court.

The amount referred to in the first paragraph of article L. 612-4 is set at €153,000.

The report referred to in the first paragraph of article L. 612-5 contains: 1° A list of the agreements subject to approval by the decision-making body or attached to the documents sent to members in the absence of a decision-making body; 2° The names of the directors involved or the persons involved acting as corporate officers; 3° The designation of the person who entered into an agreement under the conditions…

When the report is drawn up by the statutory auditor, the legal representative of the legal entity shall notify the statutory auditor of the agreements referred to in article L. 612-5 within one month of the conclusion of said agreements.