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Most non-managing shareholders believe their power exists only in the general meeting, and therefore that they have none if they are in the minority. The commercial code says otherwise. Three levers depend on no shareholding threshold at all: inspecting three years of accounts at any time, with the right to take copies and to be assisted by an approved expert (article 585); having a court appoint an agent to convene the meeting and set its agenda (article 580); and asking the court to remove the manager for legitimate cause (article 579 §3).

This workbook puts those levers in sequence, starting with the letter to send first — the one that turns silence into a characterised refusal and fixes the starting point of the breach. It also carries a warning nobody gives shareholders: article 578 §2 removes limited liability from anyone who has "effectively taken part in the management". Controlling your manager and managing in his place are two different things, and sheet 07 draws the line.

What you receive

  • A 19-page PDF, designed to be printed and annotated: each sheet starts on a fresh page.
  • A template request for communication citing article 585, to be delivered against receipt.
  • A grid for reading three years of accounts with no prior accounting knowledge, and the six warning signals.

Included

  • French, Arabic and English versions
  • The "what my percentage allows" table, threshold by threshold
  • Updated whenever the commercial code changes

Not included

  • Any personalised legal advice
  • Drafting of pleadings, which is for a lawyer
  • Valuation of your shares, which requires a separate engagement

Frequently asked questions