Section 1: Offences relating to the constitution

A fine of €150,000 shall be imposed on the founders, chairman, directors or managing directors of a public limited company for issuing or trading in shares or share fractions without at least half of the cash shares having been paid up on subscription or without the contributed shares having been paid up in full before the company is registered in the Trade and Companies Register. The penalty provided for in…

It is punishable by five years’ imprisonment and a fine of 9,000 euros for any person: 1°, 2° and 3° (deleted); 4° Fraudulently causing a contribution in kind to be valued higher than its true value.

A fine of €150,000 shall be imposed on holders or bearers of shares for trading in cash shares for which half payment has not been made.

Accepting or retaining the duties of contributions auditor, notwithstanding legal incompatibilities and prohibitions, is punishable by six months’ imprisonment and a fine of 9,000 euros.