Chapter V: Consolidated and combined financial statements

Articles in this section · 2

L345-2L345-3

Article L345-2

French Insurance CodeIn force
Ask for lawyer reviewed or certified translation

Updated 8 Nov 2023

Subject to the application of the provisions of the first two paragraphs of Article L. 233-17 of the Commercial Code , except in cases where the undertakings listed below are controlled by a société de groupe mixte d'assurance, the undertakings mentioned in Article L. 310-1 and having their registered office in France, the undertakings mentioned in 1° of III of Article L. 310-1-1, the insurance group companies defined in Article L. 322-1-2 and the mixed financial holding companies defined inArticle L. 517-4 of the Monetary and Financial Code draw up and publish consolidated or combined accounts. These accounts are drawn up in accordance with regulations defined by the Autorité des normes comptables. However, companies are exempt from complying with this regulation if they prepare and publish their accounts in accordance with the international accounting standards adopted by regulation of the European Commission.

When at least two entities from among the undertakings mentioned in Article L. 310-1 or Article L. 310-1-1, the insurance group companies defined in Article L. 322-1-2, the mixed financial holding companies defined in Article L. 517-4 of the Monetary and Financial Code, the mutual insurers and unions governed by the provisions of Book II of the Mutual Code and the mutual group unions defined in Article L. 111-4-2 of the same code, provident institutions, unions of provident institutions and social protection insurance group companies governed by title 3 of book 9 of the social security code or byarticle L. 727-2 of the rural code constitute a group whose coherence does not result from capital links, one of them draws up and publishes combined accounts. For these entities, the obligation to draw up combined accounts replaces the obligation to draw up consolidated or combined accounts in the event of the existence of a consolidated or combined group within the scope of the combination, except in the case of specific regulatory obligations relating to the issue of transferable securities admitted to trading on a regulated market or negotiable debt securities.

A decree of the Conseil d'Etat shall determine the conditions of application of this article.

Mariela Petrova

Need help applying this article to your situation?

A registered French Lawyer explains what applies to your business — in English, fixed fee.

within 48h

Fixed Fee

Talk to a lawyer
Previous articleArticle L344-1Next articleArticle L345-3
Common Questions

Working with a corporate lawyer in France — Q&A

Any time a strategic decision changes how the company is owned, governed or contractually bound — incorporation, fundraising, M&A, restructuring, shareholder agreements, or major commercial contracts. Earlier engagement always costs less than later remediation.

A notary (notaire) is a public officer who authenticates specific deeds (mainly real-estate transfers and certain family-law acts). A corporate lawyer (avocat) advises on strategy, negotiates and drafts company documents, and represents you in disputes. The two roles complement rather than overlap.

Yes — most of our clients are foreign suppliers, investors or holding entities. We bridge the gap between French law and your home jurisdiction's expectations and deliver everything bilingually.

The SAS (Société par Actions Simplifiée) is the default choice for most international structures: flexible governance, single shareholder allowed, no minimum capital, and works cleanly with foreign holding entities. We assess SARL, SA, SCI on the merits when the situation calls for it.

Yes — communications with a French avocat are protected by the secret professionnel (Article 66-5 of the Law of 31 December 1971). This protection is broader than the common-law attorney-client privilege and applies to written and oral exchanges.

We work on fixed fees for clearly scoped engagements (incorporation, contract drafting, audits) and on monthly retainers for ongoing advisory. Hourly billing is the exception, not the default. You always know the cost before work starts.

Typical timeline is 2–3 weeks from KYC kick-off to RCS registration, assuming standard documentation. Holding-company structures, foreign-shareholder identification or in-kind contributions can extend this — we flag the gating items at the first meeting.

Absolutely. We routinely coordinate with your in-house counsel, expert-comptable or notaire — pragmatic collaboration is the norm, not the exception. We send them everything they need to do their part without duplicating work.

Mariela Petrova

Mariela Petrova

Avocate au Barreau de Paris

Toque #C2396

15+ Years In Corporate Practice

English · French · Russian

Ready When You Are

Talk To A Corporate
Lawyer In France.

A 20–30 minute call, in English, to scope the engagement. No obligation, no preliminary fee. You will leave the call with a clear view of what the work will cover and what it will cost.

Talk To A Corporate Lawyer+33 1 84 88 31 00
First EngagementFixed Fee

Talk to a French lawyer.

Reply within 24 hours.

Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

Continue Reading

Related corporate services in France

01 / Setup

Setting up a French company

Choose between SAS, SARL, SA or SCI — and structure your first French entity around how you actually plan to operate.

Read More
02 / Operating

French commercial contracts

Distribution, agency, supply, services and IP licences — drafted around the protections French law actually gives.

Read More
03 / Disputes

Business disputes & litigation

Shareholder conflicts, commercial breaches and pre-litigation strategy — handled by the same team that knows the file.

Read More