Article R712-18 of the French Commercial code
November 5, 2023
If, before 1 January, the establishment has not adopted a primary budget by the required majority, or if the primary budget has not been approved by the supervisory authority, the chairman may, using as a reference the primary budget or the last amending budget approved by the supervisory authority for the previous year, less a percentage of the amount of revenue and expenditure amounting to 5%, levy revenue and mandate…
