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French Commercial code

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Article R712-25-1 of the French Commercial code

November 5, 2023

The fund for the modernisation, rationalisation and financial solidarity of the chambers of commerce and industry mentioned in 10° of Article L. 711-16 is managed by CCI France through a third-party account. The allocation of the fund’s income is adopted by the General Meeting of CCI France by a majority of the members present or represented. CCI France submits an annual report on the use of the sums allocated to…

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Article R712-26-1 of the French Commercial code

November 5, 2023

The contract of objectives and performance is signed by the Chairman of CCI France after deliberation by its General Meeting. CCI France presents its General Meeting with a report on its performance, which is sent to the supervisory authority by 15 July each year at the latest. .

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Article R712-27 of the French Commercial code

November 5, 2023

The establishments of the network may be authorised to contract loans to meet or contribute to the expenditure resulting from their actions in all the areas in which their powers are exercised, with the exception of their operating expenditure. They service the loans using all the resources available to them under article L. 710-1 of the French Commercial Code. The transmission to the supervisory authority of the deliberation adopting a…

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Article R712-28 of the French Commercial code

November 5, 2023

The establishments in the network may, subject to the approval of the supervisory authority, work together to create, subsidise and operate establishments, services or works of common interest. To this end, they may, under the conditions set out in article R. 712-27, contract collective loans, the cost of which is shared between the participating establishments. Decisions relating to the creation, operation and financing of these joint establishments or services are…

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Article R712-30 of the French Commercial code

November 5, 2023

Subject to loans the amount of which is less than the threshold mentioned in the last paragraph of Article R. 712-7, authorisation to borrow is given in the forms provided for in Article R. 712-8. The mere inclusion in the budget of the establishment of the proceeds of a loan does not authorise the consular company to contract this loan, even after explicit or implicit approval of this budget by…

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Article R712-31 of the French Commercial code

November 5, 2023

The authorisation of the acts mentioned in 2° of Article R. 712-7 is valid for a period of one year from the date of approval of the deliberations relating to these acts. At the end of this period, if the loan, lease or bond issue has not been contracted or raised, the authorisation must be renewed. However, where the loan relates to a port or airport concession, the deadline is…

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Article R712-32 of the French Commercial code

November 5, 2023

Borrowings are made under market conditions and in compliance with the public procurement rules in force or in the form of public subscription with the option of issuing bearer bonds or bonds transferable by endorsement. Borrowing contracts must always stipulate the option of early repayment or renegotiation of the loan.

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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
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75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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