Section 2: Shares.

Articles in this section · 33

Article L228-29-7-2

French Commercial codeIn force

Updated 8 Nov 2023

I.-This article applies to the intermediaries mentioned in 1° to 4° of I of article L. 228-2 when they provide services to shareholders or other intermediaries in relation to the shares of companies that have their registered office in a Member State of the European Union and whose shares are admitted to trading on a regulated market established or operating in a Member State of the European Union.

II.-The intermediaries referred to in I of this article shall forward to the shareholders or their proxy holders the information sent to them by the issuing company to enable the shareholders or their proxy holders to exercise the rights attached to the shares. They shall also send them confirmation that the votes have been received and taken into account, as provided for in article L. 22-10-43-1.

III.-The same intermediaries shall transmit to the company, in accordance with the instructions they receive from the shareholders or their proxy holders, the information that the latter provide regarding the exercise of the rights deriving from the shares. They shall also forward to the company the request for confirmation that votes have been taken into account as provided for in Article L. 22-10-43-1 for companies referred to in I of this article which have their registered office in France.

IV.-A decree in the Conseil d'Etat shall specify the content of the information referred to in II and III of this article and the deadlines and procedures for sending the information referred to in II and III.

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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