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Article L242-17 of the French Commercial code

The chairman, directors or managing directors of a public limited company are liable to a fine of €150,000, issue shares or share denominations without the previously subscribed capital of the company having been paid up in full or without the new contribution shares having been paid up in full before the amending entry in the Trade and Companies Register or without the new cash shares having been paid up, at…

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Article L242-20 of the French Commercial code

It is a criminal offence for the chairman, directors or statutory auditors of a société anonyme to give or confirm inaccurate information in the reports presented to the general meeting called to decide on the cancellation of shareholders’ preferential subscription rights. It is a criminal offence for the chairman, directors or statutory auditors of a société anonyme to give or confirm inaccurate information in the reports presented to the general…

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Article L242-24 of the French Commercial code

The chairman, directors or managing directors of a public limited company are liable to a fine of €150,000 if they use shares purchased by the company under article L. 225-208 in order to give employees a share in the profits, to allocate free shares or to grant options giving the right to purchase shares for purposes other than those provided for in the same article L. 225-208. The same penalty…

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