Article L212-1-A of the French Monetary and Financial Code
November 8, 2023
Equity securities issued by joint stock companies include shares and other securities giving or capable of giving access to capital or voting rights.
Equity securities issued by joint stock companies include shares and other securities giving or capable of giving access to capital or voting rights.
The different types of shares are defined inArticle L. 228-7 of the French Commercial Code, which is reproduced below: ArticleL. 228-7: “Shares for cash are those whose value is paid up in cash or by set-off, those issued following the capitalisation of reserves, profits or share premiums, and those whose value results partly from the capitalisation of reserves, profits or share premiums and partly from payment in cash. The latter…
Cash shares are governed by the provisions of Article L. 228-9 of the French Commercial Code, reproduced below: “Art. L. 228-9. – Cash shares are registered shares until they are fully paid up. ” “Failure to comply with the first paragraph may result in the cancellation of the share. “
I. – Subject to the provisions of article L. 211-7, shares issued in French territory and subject to French law, of sociétés par actions, other than SICAVs, sociétés de placement à prépondérance immobilière à capital variable or sociétés professionnelles de placement à prépondérance immobilière à capital variable, which are not admitted to trading on a regulated market or a multilateral trading facility, shall be in registered form. II. – This…
The requirement for certain shares to be in registered form is deemed to have been met if the conditions set out in Article L. 228-2 of the French Commercial Code are met.
The rules governing the creation of preference shares are set out in Articles L. 228-11 to L. 228-20 of the French Commercial Code.
The rules governing the creation of preference shares are set out in Articles L. 228-29-8 to L. 228-29-10 and L. 228-35-1 of the French Commercial Code.
The rules governing the creation of non-voting preference shares are set out in Articles L. 228-29-8 to L. 228-29-10 and L. 228-35-2 to L. 228-35-11 of the French Commercial Code.
The rules governing investment certificates and voting right certificates are set out in Articles L. 228-29-8 to L. 228-35 of the French Commercial Code.
In order to ensure the equality of holders of investment certificates or voting right certificates and market transparency, the General Regulations of the Autorité des marchés financiers determine : 1° The conditions applicable to public offer and squeeze-out procedures relating to investment certificates or voting right certificates admitted to trading on a regulated market or which have ceased to be traded on a regulated market, where the majority shareholder(s) of…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
