Cash shares are governed by the provisions of Article L. 228-9 of the French Commercial Code, reproduced below: “Art. L. 228-9. – Cash shares are registered shares until they are fully paid up. ” “Failure to comply with the first paragraph may result in the cancellation of the share. “
I. – Subject to the provisions of article L. 211-7, shares issued in French territory and subject to French law, of sociétés par actions, other than SICAVs, sociétés de placement à prépondérance immobilière à capital variable or sociétés professionnelles de placement à prépondérance immobilière à capital variable, which are not admitted to trading on a regulated market or a multilateral trading facility, shall be in registered form. II. – This…
The requirement for certain shares to be in registered form is deemed to have been met if the conditions set out in Article L. 228-2 of the French Commercial Code are met.
The rules governing the creation of preference shares are set out in Articles L. 228-11 to L. 228-20 of the French Commercial Code.
The rules governing the creation of preference shares are set out in Articles L. 228-29-8 to L. 228-29-10 and L. 228-35-1 of the French Commercial Code.
The rules governing the creation of non-voting preference shares are set out in Articles L. 228-29-8 to L. 228-29-10 and L. 228-35-2 to L. 228-35-11 of the French Commercial Code.
The rules governing investment certificates and voting right certificates are set out in Articles L. 228-29-8 to L. 228-35 of the French Commercial Code.
In order to ensure the equality of holders of investment certificates or voting right certificates and market transparency, the General Regulations of the Autorité des marchés financiers determine : 1° The conditions applicable to public offer and squeeze-out procedures relating to investment certificates or voting right certificates admitted to trading on a regulated market or which have ceased to be traded on a regulated market, where the majority shareholder(s) of…
Where 2° of article L. 212-6-3 is applied, the valuation of the securities is carried out using the same objective methods as for asset disposals and takes into account, with an appropriate weighting in each case, the value of the assets, the profits made, the stock market value, the existence of subsidiaries and business prospects. The compensation is equal, per security, to the result of the aforementioned valuation or, if…
The rules governing the issue of securities giving access to the capital and the holders of these securities are set out in Articles L. 228-91 to L. 228-106 of the French Commercial Code relating to securities giving access to the capital.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
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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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