- July 29, 2019
- Posted by: Editorial
- Category: Legal representatives
How to change Director
There are many situations in which you could want to change the director or president of a French company. What procedure do you have to go through in these situations?
Make sure the procedure is valid
It’s fairly obvious that nominating a new director must be done by following the law. However, you also have to make sure that you follow any rules laid out in the by-laws of your company! In particular, it’s very common that companies define a specific set of rules when associates want to transfer their shares!
Change the by-laws of the company
Generally, the name of the director of a company is written in its by-laws. As a result, if you want to change directors, you’ll have to modify the by-laws as well.
This procedure can be quite costly and time-consuming though. As such, it’s probably a good idea to take this opportunity to do any necessary change in the company at the same time.