Glossary

You will find below a glossary of key terms used in this website :

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Limited Company (SA)

A commercial entity of which the capital is divided into shares (negotiable by nature). The minimum amount of capital in a limited company not making a call on public funds is 37,000 euros. Variability in the capital is prohibited for limited companies, aside for limited cooperatives and SICAV funds. Operation of a limited company is undertaken by three categories of management: administration or management bodies (representatives of shareholders, appointed by the latters), auditing bodies (auditors responsible for auditing the regularity and sincerity of management), and bodies deliberating in general meetings of shareholders (which are the expression of the desire of the latters). Shareholders of limited companies are bound by the liabilities up to the amount of their contributions.


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