- 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 InvalidityNullity of the decisions
Minutes of the general meeting
Scope of application
This obligation applies to all commercial companies except European companies and Partnerships.
Description
The capital increase by offsetting debt must be decided at an Extraordinary General Meeting.
The share capital must be fully paid up before any issue of new shares to be paid up in cash.
The Minutes of the latter must obligatorily mention that the subscription of the new shares can be made by offsetting against any existing debt.
In the event of cancellation of the preferential subscription right for the benefit of named beneficiaries, the latter will not be able to vote on resolutions in their favor.
The share capital must be fully paid up before any issue of new shares to be paid up in cash.
The Minutes of the latter must obligatorily mention that the subscription of the new shares can be made by offsetting against any existing debt.
In the event of cancellation of the preferential subscription right for the benefit of named beneficiaries, the latter will not be able to vote on resolutions in their favor.
Authority
Commercial court
Responsible(s)
Représentant légal de l'entreprise
