- Governance - Commitments
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15 minutes - 2 open days
Theoretical penalty(s) of non-compliance subject to the judge's discretion and, where applicable, to certain conditions
- 1 InvalidityOptional nullity of deliberations
Positive consequence(s) for the company thanks to its compliance
- 1 Injunction
Injunction to do
Minutes of the General Meeting
Scope of application
All commercial companies except European companies, Partnerships ("SNCs") and LLCs ("SARL").
Description
The issue and conversion of preferred shares must be decided at a General Meeting of shareholders.
When the preference shares are issued, the beneficiary (ies) concerned will not be able to take part in the vote on the resolution which concerns them, their shares will therefore not be taken into account for the calculation of the majority.
The GA will rule on the granting of the particular advantages attached to the preference actions. If it approves this grant, it then notes in a resolution the completion of the capital increase.
When the preference shares are issued, the beneficiary (ies) concerned will not be able to take part in the vote on the resolution which concerns them, their shares will therefore not be taken into account for the calculation of the majority.
The GA will rule on the granting of the particular advantages attached to the preference actions. If it approves this grant, it then notes in a resolution the completion of the capital increase.
Authority
Commercial court
Responsible(s)
Représentant légal de l'entreprise
