A groupement forestier d’investissement may merge with a société d’épargne forestière, another groupement forestier d’investissement or a groupement forestier managing an estate whose forests are subject to approved simple management plans. However, the merger may not result in a forestry investment group being absorbed by a forestry group.
The draft terms of merger are drawn up by the management company of each forest investment group and forest savings company and the manager or management company of each forest group participating in the operation. It contains the following information: 1° A list of the assets of the forestry assets, the names and registered offices of all the companies involved in the merger and a list of the easements and…
In the event of a merger between several forestry investment groups or between one or more forestry investment groups and one or more forestry savings companies or between one or more forestry investment groups and one or more forestry groups, the sustainable management commitments in accordance with 3° of 1 of article 793 of the General Tax Code made by one or more forest investment groups or forestry groups prior…
The forest estate is insured against fire.
The forest holdings of a forest investment group are divided into at least two separate management units at least twenty kilometres apart. The share of one of these management units may not exceed 60% of the total surface area of the group’s forest holdings. If these conditions are not met, the forest estate must meet at least two of the following three criteria: 1° Each composition class, in particular deciduous…
I.-Any investment company with fixed capital, known as a SICAF, whose shares are admitted to trading on a French or foreign financial instruments market operated by a market undertaking, an investment services provider other than a portfolio management company or any other similar foreign body, shall draw up a statement of the company’s net assets per share at least once a month. This document is made available to the public….
The initial capital of a SICAF may not be less than €8 million.
The strategy referred to in article L. 214-128 describes the SICAF’s management objective, investment policy and risk profile. These elements are set out in the SICAF’s Articles of Association. They are set out in detail, together with the SICAF’s planned distribution policy, in a document sent to investors and the custodian prior to marketing.
The custodian’s auditor shall annually audit the accounts opened in the name of the SICAF in the custodian’s books.
The custodian shall ensure that the conditions for the liquidation of the SICAF comply with the provisions set out in the SICAF’s Articles of Association.
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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
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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
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