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Article R3332-21-3 of the French Labour Code

I.-The “socially useful solidarity enterprise” approval provided for in Article L. 3332-17-1 is issued by the prefect of the département in which the enterprise has its registered office. When the company has its registered office in another Member State of the European Union, it submits its application for approval to the prefect of the département where it has its main establishment in France. II – The application for authorisation is…

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Article R3332-21-5 of the French Labour Code

In the appendix to their annual financial statements, social benefit solidarity enterprises shall indicate the information attesting to compliance with the conditions applicable to them pursuant to I and II of Article L. 3332-17-1 and Articles R. 3332-21-1 and R. 3332-21-2.

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Article R3332-22 of the French Labour Code

When the investment instruments of a company savings plan include the possibility of investing in company securities which are not admitted to trading on a regulated market, their valuation is determined in accordance with the methods defined in article L. 3332-20, without prejudice to the specific legal provisions which set the conditions for determining the value of these securities.

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Article R3332-23 of the French Labour Code

Securities are valued by the company, under the supervision of the statutory auditor, at least once every financial year and whenever an event or series of events occurring during a financial year is likely to lead to a substantial change in the value of the company’s shares. In addition, a valuation is carried out by experts at least every five years. This valuation is optional for the companies mentioned in…

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Article R3332-24 of the French Labour Code

When a company carries out capital increases or sales of shares reserved for members of a company savings plan through a mutual fund, the subscription form is signed by the fund manager. The issuing company notifies the fund manager of the number of shares subscribed or the number of securities sold. The fund manager informs each member of the number of shares subscribed and sends them a registered statement showing…

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Article R3332-25 of the French Labour Code

Where a company offers members of a company savings plan the opportunity to acquire shares or investment certificates issued by it, either by purchase or by subscription, and where a savings plan common to several companies in the same group within the meaning of articles L. 3344-1 and L. 3344-2 has been set up to enable members of this plan to acquire the shares or investment certificates of this company,…

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Article R3332-27 of the French Labour Code

When the bonds referred to in article L. 3332-23 are not admitted to trading on a regulated market, these securities are valued at their nominal value plus accrued interest. In this case, either the issuing company, or a company in the same group within the meaning of articles L. 3344-1 and L. 3344-2, undertakes to repurchase these securities at the first request of the subscriber at their nominal value plus…

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