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certificat du dépositaire

English translation: certificate of the depositary

20:07 Oct 21, 2019
French to English translations [PRO]
Bus/Financial - Finance (general) / share increase / forms of payment/consideration
French term or phrase: certificat du dépositaire
Context: a line at the end of an auditor's certificate in the context below "Ce certificat tient lieu de **certificat du dépositaire**

S'agissant des augmentations de capital, les SAS sont soumises aux mêmes obligations que les SA (c. com. art. L. 227-1, al. 3). Or, dans les SA, en cas d’augmentation de capital en numéraire libérée par compensation de créance, cette libération doit être constatée par un certificat du notaire ou « du commissaire aux comptes ». Ce certificat tient lieu de **certificat du dépositaire**
https://rfsocial.grouperf.com/actu/40417.html

Final question, thanks!
Julie Barber
United Kingdom
Local time: 06:00
English translation:certificate of the depositary
Explanation:
See this bilingual document: https://www.zonebourse.com/WEBORAMA-32743/pdf/32229/WEBORAMA... (bottom of page 1 for the French version and top of page 3 for the English). You will find more bilingual documents if you search the two versions together.

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Note added at 14 mins (2019-10-21 20:21:36 GMT)
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Or: "depositary certificate"
Selected response from:

Marco Solinas
Local time: 22:00
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2certificate of the depositary
Marco Solinas
5depositary certificate
Catherine Earle
2proof of escrow
Wolf Draeger


Discussion entries: 1





  

Answers


12 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
certificate of the depositary


Explanation:
See this bilingual document: https://www.zonebourse.com/WEBORAMA-32743/pdf/32229/WEBORAMA... (bottom of page 1 for the French version and top of page 3 for the English). You will find more bilingual documents if you search the two versions together.

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Note added at 14 mins (2019-10-21 20:21:36 GMT)
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Or: "depositary certificate"

Marco Solinas
Local time: 22:00
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in ItalianItalian
PRO pts in category: 87
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  AllegroTrans
1 min
agree  Steve Robbie: Whereby "depositary" means the institution or person with whom the funds have been lodged (see Wolf D's links below), and should not be confused with the "depositary" or "custodian" in the sense of a custody bank providing services to an investment fund.
1 day 13 hrs
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14 mins   confidence: Answerer confidence 5/5
depositary certificate


Explanation:
This is the investor's "receipt" for the contribution of capital as shares.


    Reference: http://www.investopedia.com/terms/d/depositaryreceipt.asp
Catherine Earle
United States
Local time: 00:00
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Notes to answerer
Asker: Thanks Catherine. However, the certificate has been issued to the company itself, rather than one of the investors. The auditor checked the payment of shares, that they were recorded in the accounts, and issue to this certificate to the Company

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2 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
proof of escrow


Explanation:
I wonder if dépositaire here means "escrow" rather than custodian. My first thought was "stock certificate" but that's proof of share ownership while the following links suggest that what is being referred to is proof of payment or transfer of funds to some kind of escrow account or agent ahead of a share issue:

(1) https://bpifrance-creation.fr/encyclopedie/reprendre-entrepr...
« Si l'AGE donne son accord, les fonds doivent être déposés dans les 8 jours de leur réception, pour le compte de la société :
- soit à la caisse des dépôts,
- soit chez un notaire,
- soit auprès d'un établissement bancaire.

Un certificat de dépositaire est alors remis au représentant légal de la société. L'augmentation de capital doit intervenir dans les 6 mois suivant le premier dépôt des fonds. Une seconde AGE doit ensuite constater la réalité de l'augmentation de capital. Le représentant de la société pourra ensuite retirer les fonds sur présentation du certificat de dépositaire. »

(2) http://www.cci-paris-idf.fr/entreprises/developpement/droit-...
« Une fois la procédure achevée, l’augmentation du capital sera considérée comme effective à compter de la date de l'AGE (dans le cas d'une SARL), ou de la date de l'établissement du certificat du dépositaire (dans le cas d’une SAS). »

(3) https://www.legifrance.gouv.fr/affichCodeArticle.do?idArticl...
« Les souscriptions et les versements sont constatés par un certificat du dépositaire établi, au moment du dépôt des fonds, sur présentation des bulletins de souscription. Les libérations d'actions par compensation de créances liquides et exigibles sur la société sont constatées par un certificat du notaire ou du commissaire aux comptes de la société, ou, s'il n'en a pas été désigné, d'un commissaire aux comptes désigné à cet effet selon les modalités prévues à l'article L. 225-228. Ce certificat tient lieu de certificat du dépositaire.<b/>

But I'm not aware of "escrow" or "proof of escrow" being used in this way and context in EN; maybe specific to FR regulations?

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Note added at 2 hrs (2019-10-21 22:49:08 GMT)
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Sorry for all that bold at the end, tag typo...

Example sentence(s):
  • This certificate serves as proof of escrow.
  • This receipt serves as proof of escrow.

    Reference: http://www.investopedia.com/terms/e/escrow.asp
    Reference: http://en.wikipedia.org/wiki/Escrow
Wolf Draeger
South Africa
Local time: 07:00
Works in field
Native speaker of: English
PRO pts in category: 18
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