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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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Article R3332-29 of the French Labour Code

Pursuant to the second paragraph of article L. 3332-16, the following events may exceptionally result in the rights built up in favour of participants being unlocked before expiry of the term of the buy-back operation referred to in 2° of this article: 1° The employee’s disability, assessed within the meaning of 2° and 3° of article L. 341-4 of the French Social Security Code; 2° The employee’s retirement; 3° The…

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Article R3332-31 of the French Labour Code

The tax credit and tax credit attached to income from the collective portfolio or individually held securities acquired as part of a company savings plan give rise to the issue of a separate certificate, in accordance with the provisions of article 77 of appendix II to the general tax code. Where such income is fully exempt, in accordance with the provisions of the first two sentences of II of article…

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Article R3332-32 of the French Labour Code

The request for reimbursement of the tax credit, accompanied by the certificate, is sent to the tax office of the organisation that issued it. The refund is made to that organisation, which is responsible for using the corresponding sums in the same way as the income to which they relate.

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Article R3333-1 of the French Labour Code

The provisions relating to payments, the composition and management of the company savings plan set out in articles R. 3332-8 to R. 3332-14, then articles R. 3332-16 to R. 3332-18 as well as those relating to the unavailability of sums and the social and tax regime set out in articles R. 3332-28 to R. 3332-32, apply to the inter-company savings plan.

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