- Governance - Commitments
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To be calculated
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15 minutes - 5 day(s)
Theoretical penalty(s) of non-compliance subject to the judge's discretion and, where applicable, to certain conditions
- [to be determined] € FineAdministrative fine of 9,000 euros - offence relating to shareholders' meetings
- 6 month of detention6 month jail sentence - Shareholder meeting violation
General Meeting (GA) on the approval of the annual accounts and the appropriation of the profit or loss
Scope of application
This obligation applies to simplified joint stock companies.
Description
Within the time frame of
six months
from the close of the financial year and materialized through a General Meeting (AGM) and minutes, the President or the sole partner, if applicable, causes to proceed
to the decision of the partners, under the conditions provided for in the statutes, for:
Decisions are listed in a register.
- approving the management report, inventory and annual accounts
- decide on the allocation of the result
- if applicable:
- approve certain non-deductible expenses;
- approveregulated agreements (except for SASU whereregulated agreements are only mentioned on the register ofdecisions of the sole partner).
- approve certain non-deductible expenses;
Note: Refer to the by-laws for details on how the general meeting will be conducted (meeting mode, quorum, etc.).
Authority
Commercial court
Responsible(s)
President of the company
Unique partner
