Joint stock company

A company by action S is a company whose capital gave place to the emission of titles of Propriété called actions, subscribed by investors and savers called Actionnaire S. Each shareholder is carrying at least an action. It is a company whose capital is divided into shares or anonymous actions, held by shareholders. They are owners of part of the company and hope to benefit from it.

In France, there exist three types of joint stock companies:

the Public limit company (SA)
the Joint stock company simplified (SAS) which attracts an increased number company founders because of a simplified formalism.
the Limited partnership with share capitals (SCA)

Rights of the shareholder

The rights conferred on the shareholder in his quality of joint owner can be gathered in two categories: political rights pécumaires and rights which milked with the rights of interventions in the life of the company.

Each action represents a right on a quote share of the Patrimoine of the company, but that plays only in the possibility of a dissolution with distribution of the remaining credits.

Especially, it gives right a quote share of the Revenu S which the company possibly pours, by levy on its benefit. These payments are the Dividende S. the decision of payment is taken by the annual general meeting of the shareholders.

It gives also the right to take part in the decisions of the general meeting of the company, in particular the election of the members of the Board of directors (or certain cases the “board of trustees”) according to the principle “an action, a voice”.

Co-optation….

Purchase and sale of actions

The actions can be bought or sold to other investors, private or in purse, according to whether they are with dimensions or not on a stock exchange place. For those which are quoted on the stock exchange, one uses name stock exchange Action.

Bonds

Statutes: (http://lexinter.net/Legislation/societeanonyme.htm)
SAS

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