I. – The Board of Directors meets in ordinary session at least four times a year, convened by its Chairman. It shall consider any matter placed on its agenda by the Chairman or by the Board acting by a simple majority. It shall also meet at the request of at least one third of its full members. II. – The Board of Directors draws up its own rules of procedure,…
The agency may open representative offices in the countries where it operates. The work of these representations is carried out within the framework of the coordination and coordination mission carried out, pursuant to article 3 of decree no. 79-433 of 1st June 1979 relating to the powers of ambassadors and the organisation of State services abroad, by the head of the diplomatic mission accredited in the State in which it…
The head of the agency’s representation in the overseas departments and collectivities and in New Caledonia reports to the representative of the State with territorial jurisdiction.
The agency borrows in the short, medium and long term, in France and abroad, either from financial institutions or by issuing bonds, notes, securities or any other debt security. It carries out all financial transactions necessary for its activity.
The Agency’s transactions are accounted for in accordance with the rules applicable to commercial matters and in compliance with the rules of this Code, to which it is subject.
A Government Commissioner, appointed by the Minister for the Economy, carries out the duties defined by Article L. 615-1 and Articles D. 615-1 to D. 615-8 of this Code.
The Agency’s accounts are audited by two statutory auditors appointed in accordance with the provisions of articles L. 511-38, D. 511-8, D. 511-9 and D. 612-53 to R. 612-60. The statutory auditors are subject to the obligations set out in article L. 511-38.
The statutory auditors referred to in Article L. 511-38 are appointed by the body of these institutions responsible for approving the financial statements. They are appointed for six financial years. Their term of office expires after the body competent to approve the accounts has ruled on the accounts for the sixth financial year. They may be reappointed.
The provisions of the first and third paragraphs of Article D. 612-53 and of Articles D. 612-54, D. 612-58 and R. 612-59 are applicable to financial holding companies and parent undertakings of finance companies subject to supervision by the Autorité de contrôle prudentiel et de résolution which have their registered office in a State party to the Agreement on the European Economic Area, for persons responsible for carrying out statutory…
The provisions of Articles D . 517-1 and D. 517-7 also apply to mixed financial holding companies whose coordinator is the Autorité de contrôle prudentiel et de résolution.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
