Legislative part

I. – At the close of each financial year the board of directors, the management board or the managers shall draw up the inventory, the annual accounts in accordance with the provisions of section 2 of Chapter III of Title II of Book I and shall draw up a written management report. They shall include in the appendix: 1° A statement of sureties, endorsements and guarantees given by the company….

In commercial companies that meet one of the criteria defined by decree in the Conseil d’Etat and drawn from the number of employees or turnover, possibly taking into account the nature of the business, the board of directors, the management board or the managers are required to draw up a statement of realisable and available assets, excluding going concern values, and current liabilities, a provisional income statement, a cash flow…

In sociétés anonymes, the documents referred to in article L. 232-2 are analysed in written reports on the development of the company, drawn up by the board of directors or the management board. The documents and reports shall be sent simultaneously to the Supervisory Board, the statutory auditor, if any, and the works council. In the event of non-compliance with the provisions of article L. 232-2 and the previous paragraph,…

In companies other than sociétés anonymes, the reports provided for in article L. 232-3 are drawn up by the managers, who send them to the statutory auditor, the works council and, where applicable, the supervisory board when one has been set up in these companies. In the event of non-compliance with the provisions of article L. 232-2 and the preceding paragraph, or if the information given in the reports referred…

Companies that prepare consolidated accounts in accordance with articles L. 233-18 to L. 233-26 may, under the conditions set out in article L. 123-17 and notwithstanding article L. 123-18, register the securities of companies that they exclusively control, within the meaning of article L. 233-16, on the assets side of the balance sheet on the basis of the proportion of shareholders’ equity determined in accordance with consolidation rules that these…

I.-Any commercial company that neither controls nor is controlled by another company within the meaning of II or III of article L. 233-16, and whose turnover at the end of two consecutive financial years exceeds a threshold set by decree, draws up, publishes and makes available, at the request of the board of directors, the management board or the managers, a report on income tax. II.-The report shall mention the…

I.-Any company which does not have a registered office in a Member State of the European Union or another State party to the Agreement on the European Economic Area and which has a branch in France whose turnover exceeds, at the close of two consecutive financial years, a threshold set by decree, shall draw up, publish and make available, at the request of its legal representative in France or the…