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Article L241-5 of the French Commercial code

It is punishable by a fine of €9,000 for managers to fail to submit the inventory, annual accounts and management report drawn up for each financial year to the shareholders’ meeting or sole shareholder for approval.

Original in French 🇫🇷
Article L241-5

Est puni de 9 000 € d’amende le fait, pour les gérants, de ne pas soumettre à l’approbation de l’assemblée des associés ou de l’associé unique l’inventaire, les comptes annuels et le rapport de gestion établis pour chaque exercice.

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