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Article L225-122 of the French Commercial code

November 8, 2023

I.-Subject to the provisions of Articles L. 225-10, L. 225-123, L. 225-124, L. 225-125, L. 22-10-46, L. 22-10-47 and L. 22-10-48, the voting rights attached to capital shares or dividend-right shares are proportional to the percentage of capital they represent and each share gives the right to at least one vote. Any clause to the contrary is deemed unwritten. II.-In joint stock companies whose capital is, for a reason of…

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Article L225-123 of the French Commercial code

November 8, 2023

The Articles of Association may grant double voting rights to all fully paid-up shares which have been registered in the name of the same shareholder for at least two years. In addition, in the event of a capital increase by capitalisation of reserves, profits or share premiums, double voting rights may be conferred, as from their issue, on registered shares allocated free of charge to a shareholder in respect of…

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Article L225-124 of the French Commercial code

November 8, 2023

Any share converted into a bearer share or transferred in ownership loses the double voting right allocated pursuant to articles L. 225-123 and L. 22-10-46. However, a transfer as a result of inheritance, the liquidation of community property between spouses or an inter vivos gift to a spouse or relative entitled to inherit does not result in the loss of the acquired right and does not interrupt the period mentioned…

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Article L225-127 of the French Commercial code

November 8, 2023

The share capital is increased either by issuing ordinary shares or preference shares, or by increasing the nominal amount of existing equity securities. It may also be increased by the exercise of rights attached to securities giving access to the capital, under the conditions set out in articles L. 225-149 and L. 225-177.

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Article L225-128 of the French Commercial code

November 8, 2023

New equity securities are issued either at their nominal amount, or at this amount plus an issue premium. They are paid up either by cash contribution including by offsetting liquid and due claims on the company, or by contribution in kind, or by capitalisation of reserves, profits or issue premiums, or as a result of a merger or demerger. They may also be paid up following the exercise of a…

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Article L225-129 of the French Commercial code

November 8, 2023

The Extraordinary General Meeting has sole authority to decide, on the basis of the report of the Board of Directors or the Management Board, on an immediate or future capital increase. It may delegate this power to the Board of Directors or the Management Board under the conditions set out in Article L. 225-129-2. The capital increase must, subject to the provisions of Articles L. 225-129-2 and L. 225-138, be…

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Article L225-129-2 of the French Commercial code

November 8, 2023

When the Extraordinary General Meeting delegates to the Board of Directors or the Management Board its authority to decide on a capital increase, it sets the period, which may not exceed twenty-six months, during which this delegation may be used and the overall ceiling for this increase. This authorisation supersedes any previous authorisation for the same purpose. The issues mentioned in articles L. 225-135 to L. 225-138-1 and L. 225-177…

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Article L225-129-5 of the French Commercial code

November 8, 2023

When the delegations provided for in articles L. 225-129-1 and L. 225-129-2, the Board of Directors or the Management Board shall prepare a supplementary report for the next Ordinary General Meeting, in accordance with the conditions laid down by decree in the Conseil d’Etat.

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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
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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