Subsection 3: Capital reduction

A fine of €30,000 is imposed if the chairman or directors of a public limited company reduce the share capital without respecting the equality of shareholders.

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…