Notice of the general meeting distributing dividends

This concerns companies subject to Corporate Tax which meet the conditions set out in Article L.232-12 of the Commercial Code. Thus, the General Meeting or the group of partners can only decide to distribute a dividend after having:

1. approved the accounts for the past financial year;
2. noted the existence of distributable sums
   

Pursuant to article R.123-187, the “formation expenses” items (formation expenses, initial establishment expenses, capital increase and various transaction expenses) and “Development costs” appearing in the balance sheet must have been cleared or there must be free reserves in an amount at least equal to that of the costs remaining to be amortized in order for the dividend distribution to take place.

The decision to distribute dividends is taken at a General Meeting. The partners must therefore be convened to this general meeting in accordance with the legal (15-day period before the holding of the general meeting) and statutory procedures.

The invitation must contain the following information:

• the identity of the company (name, form, amount of capital, registered office, RCS number),
• date of the convocation,
• date, time and place of the general meeting,
• nature of the meeting,
• agenda of the general meeting (in particular the distribution of dividends).