French Commercial code
In forceThe first three paragraphs of Article L. 223-26 and Articles L. 223-27 to L. 223-30 do not apply to companies with only one member.
In this case, the management report, the inventory and the annual accounts are drawn up by the manager.the single member approves the accounts, where applicable after the auditors' report, within six months of the end of the financial year. Where the sole member is the company's sole manager, the filing of the inventory and the annual accounts, duly signed, with the Trade and Companies Register within the same time period shall be deemed to constitute approval of the accounts without the sole member having to enter the receipt issued by the Commercial Court Registry in the register provided for in the following paragraph.
The sole member may not delegate his powers. Its decisions, taken in place of the general meeting, are recorded in a register.
Decisions taken in violation of the provisions of this article may be annulled at the request of any interested party.
