Paragraph 1: Accounting and financial provisions

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Article D1611-32-3

French General Code of Local AuthoritiesIn force

Updated 5 Nov 2023

The mandate given pursuant to Article L. 1611-7-1 specifies in particular:

1° The nature of the operations covered by the mandate;

2° The duration of the mandate and the conditions of its possible termination;

3° The powers of the mandating body;

4° Where the mandating body is responsible for the reimbursement of revenue wrongly collected, the ceiling of the permanent cash fund that it may be authorised to retain for the duration of the agreement in order to carry out these operations ;

5° The remuneration, if any, of the authorised body and the arrangements for its payment by the principal;

6° The frequency or amount from which the sums collected, less any sums retained by the authorised body for the replenishment of the permanent cash fund, must be repaid to the principal;

7° The arrangements, frequency and deadline for the presentation of the accounts for the financial year;

8° The controls placed on the authorised body, in particular:

- where the agent collects revenue, the same controls as those provided for in 1° and, where applicable, in 3° of Article 19 of Decree no. 2012-1246 of 7 November 2012 relating to public budgetary and accounting management;

- where the authorised agent is responsible for reimbursing revenue wrongly collected, the same controls as those provided for in d and e of 2° of the same Article of the aforementioned Decree.

Mariela Petrova

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Common Questions

Working with a corporate lawyer in France — Q&A

Any time a strategic decision changes how the company is owned, governed or contractually bound — incorporation, fundraising, M&A, restructuring, shareholder agreements, or major commercial contracts. Earlier engagement always costs less than later remediation.

A notary (notaire) is a public officer who authenticates specific deeds (mainly real-estate transfers and certain family-law acts). A corporate lawyer (avocat) advises on strategy, negotiates and drafts company documents, and represents you in disputes. The two roles complement rather than overlap.

Yes — most of our clients are foreign suppliers, investors or holding entities. We bridge the gap between French law and your home jurisdiction's expectations and deliver everything bilingually.

The SAS (Société par Actions Simplifiée) is the default choice for most international structures: flexible governance, single shareholder allowed, no minimum capital, and works cleanly with foreign holding entities. We assess SARL, SA, SCI on the merits when the situation calls for it.

Yes — communications with a French avocat are protected by the secret professionnel (Article 66-5 of the Law of 31 December 1971). This protection is broader than the common-law attorney-client privilege and applies to written and oral exchanges.

We work on fixed fees for clearly scoped engagements (incorporation, contract drafting, audits) and on monthly retainers for ongoing advisory. Hourly billing is the exception, not the default. You always know the cost before work starts.

Typical timeline is 2–3 weeks from KYC kick-off to RCS registration, assuming standard documentation. Holding-company structures, foreign-shareholder identification or in-kind contributions can extend this — we flag the gating items at the first meeting.

Absolutely. We routinely coordinate with your in-house counsel, expert-comptable or notaire — pragmatic collaboration is the norm, not the exception. We send them everything they need to do their part without duplicating work.

Mariela Petrova

Mariela Petrova

Avocate au Barreau de Paris

Toque #C2396

15+ Years In Corporate Practice

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Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

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