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Section 2a: Sociétés de participations financières de profession libérale de greffiers des tribunaux de commerce (financial holding companies for the liberal professions of commercial court registrars)

Article R743-139-21 of the French Commercial code

Sociétés de participations financières de profession libérale set up, pursuant to article 31-1 of law n° 90-1258 of 31 December 1990 relating to the practice in the form of companies of liberal professions subject to a legislative or regulatory status or whose title is protected and to sociétés de participations financières de professions libérales, with a view to holding shares in companies practising the profession of commercial court clerk are…

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Article R743-139-22 of the French Commercial code

Natural or legal persons practising as court-appointed administrators or judicial representatives may not hold, either directly or indirectly, shares or corporate units in a société de participations financières covered by article R. 743-139-21.

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Article R743-139-23 of the French Commercial code

The formation of the company is the subject of a declaration sent by a joint agent of the partners to the Minister of Justice, by tele-procedure on the website of the Ministry of Justice, and to the Conseil national des greffiers des tribunaux de commerce. A copy of the company’s Articles of Association is attached to the declaration, which includes a list of the partners with an indication, as appropriate,…

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Article R743-139-24 of the French Commercial code

The registration of the company in the Trade and Companies Register is governed by articles R. 123-31 and following, subject to the provisions below. A copy of the declaration provided for in Article R. 743-139-23 is sent by the partners to the clerk’s office of the court where the application for registration in the Trade and Companies Register was filed; on receipt of this document, the clerk proceeds with the…

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Article R743-139-25 of the French Commercial code

The société de participations financières de profession libérale de greffiers des tribunaux de commerce shall notify the Conseil national des greffiers des tribunaux de commerce and the Garde des sceaux, Minister of Justice, by teleprocedure on the website of the Ministry of Justice, within thirty days of the date on which it occurs, of any change in the situation declared pursuant to article R. 743-139-23.

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Article R743-139-26 of the French Commercial code

If the société de participations financières de profession libérale de greffiers des tribunaux de commerce does not comply with the legislative and regulatory provisions governing the formation and operation of sociétés de participations financières de profession libérale par les greffiers des tribunaux de commerce, the company is invited by the garde des sceaux, minister of justice, to regularise the situation. If the company is unable to regularise the situation, the…

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Article R743-139-27 of the French Commercial code

Each société de participations financières de profession libérale de greffiers des tribunaux de commerce is subject, at least once every four years, to an audit covering compliance with the legislative and regulatory provisions governing the composition of its capital and the scope of its activities. This audit takes place under the conditions set out in articles R. 743-1, R. 743-3and R. 743-4, when inspecting a registry run by a practice…

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Article R743-139-28 of the French Commercial code

Non-compliance with the provisions governing the formation and operation of sociétés de participations financières de profession libérale (liberal profession financial holding companies) by commercial court registrars and persons practising another judicial or legal liberal profession subject to a legislative or regulatory status or whose title is protected who are partners in such a company or in companies holding an office that are the subject of equity investments may give rise…

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Article R743-139-29 of the French Commercial code

In the event of dissolution of the company, the liquidator is chosen from among the partners of the société de participations financières de profession libérale de greffiers des tribunaux de commerce, companies holding an office or commercial court clerks, former commercial court clerks or former commercial court clerk partners. Under no circumstances may the duties of liquidator be entrusted to a partner who has been subject to a disciplinary penalty….

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Article R743-139-30 of the French Commercial code

The liquidator shall proceed with the transfer of the shares that the société de participations financières de profession libérale de greffier des tribunaux de commerce holds in the société(s) d’exercice libéral under the conditions provided by Article R. 743-128.

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