Category Archives: Dispositions générales

Disputes

Any disputes that may arise in connection with the Company’s business, and between shareholders and the Company or between shareholders and the Chairman of the Board of Directors, the Chief Executive Officer and Deputy Chief Executive Officers will be judged in accordance with the legal conditions applicable and subject to the jurisdiction of the competent […]

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Company’s dissolution, liquidation

If the Company expires or is dissolved early, the general meeting determines the liquidation approach and appoints and determines the powers of one or more liquidators, which carry out their work in accordance with French law.

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Appropriation of income and distribution of profits

The profit for the financial year, less previous losses and deductions for legal reserves, and plus profits carried forward, represents the distributable profit. In addition to the distributable profit, the ordinary general meeting may decide, in accordance with French law, to pay out any sums deducted against the reserves available to it. AAfter approving the […]

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Annual financial statements

The Company’s records are kept in accordance with industry standards and legal requirements. On each reporting date, the Board prepares the inventory and annual financial statements, in accordance with Book 1, Title II, Chapter III, Section II of the French commercial code (Code du commerce) and draws up a written management report containing the information […]

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Financial year

The financial year runs from April 1 to March 31.

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