when SAS changes chairman or managing director, it is necessary to draft and publish a communicated in a Newspaper of legal notices. Discover the essential information to be inserted into a notice of change of president and general manager, as well as examples of legal announcements.
Notice of Change of Chairman/CEO of SAS must include precise information. Here are the main ones:
Company name: [corporate name of the SAS]
Form: SAS
The head office : [place of SAS head office]
Share capital: [amount of share capital] euros
Siren number [siren number] RCS [city]
By decision of the Extraordinary General Meeting dated [date of report], note was taken of the appointment of Mr. [first and last name of the new president], moreover [address of the new president] as the new Chairman, from [effective date of appointment of new chair] for a time [duration of the appointment of the new president], replacing Mr. [Past President's first and last name], resigning president.
Article [number] of the Articles of Association has been amended accordingly.
A mention will be made in the Trade and Companies Register of [city].
Company name: [corporate name of the SAS]
Form: SAS
The head office : [place of SAS head office]
Share capital: [amount of share capital] euros
Siren number [siren number] RCS [city]
By decision of the Ordinary General Meeting dated [date of report], note was taken of the appointment of Mr. [first and last name of the new president – managing director], moreover [address of the new president – managing director] as new [Chairman – Managing Director], starting the [effective date of the appointment of the new Chairman – Chief Executive Officer] for a time [duration of the appointment of the new president – general manager], replacing Mr. [First and last name of the former president – managing director], [Chairman or CEO] resigned.
A mention will be made in the Trade and Companies Register of [city].
Company name: [corporate name of the SAS]
Form: SAS
The head office : [place of SAS head office]
Share capital: [amount of share capital] euros
Siren number [siren number] RCS [city]
By decision dated [date of decision] note was taken of the appointment of Mr. [first and last name of the new president], moreover [address of the new president] as the new Chairman, from [effective date of appointment] for an unlimited period, replacing Mr. [first and last name of deceased president], deceased
A mention will be made in the Trade and Companies Register of [city].
The transmission of a change of Chairman or CEO must be communicated to third parties. Thus, a declaration of amendments to the articles of association must be published inside a newspaper of legal announcements within 30 days of the date of the act establishing this transformation.
Upon receipt of this announcement, the newspaper will provide a certificate of publication of the notice of change of Chairman or Chief Executive Officer. The latter constitutes a proof to be sent to the commercial court or to the business formalities centre, as part of the procedures for change of SAS manager.
The publication of a legal announcement is obligatory. It makes it possible to inform third parties of the change of Chairman or Managing Director of an SAS.
The purpose of the legal announcement is to inform the company and the public of any modification concerning the president and the general manager of an SAS (Simplified Joint Stock Company).
The legal announcement must be made by the board of directors of the SAS and it must be published in a journal of legal announcements.
The documents required for the legal announcement of a change of chairman and general manager of an SAS are a copy of the SAS's articles of association and a copy of the decision of the board of directors.
