parts d'industrie

English translation: sweat equity shares

07:14 Aug 27, 2020
French to English translations [PRO]
Bus/Financial - Business/Commerce (general) / Articles of association
French term or phrase: parts d'industrie
Hello,
This comes from the articles of association of a French company. It seems to refer to shares allocated in return for professional and technical assistance, I just wondered whether they had a particular name or whether it just means company shares. Thanks for any help!
Par décision prise en vertu d'une décision collective extraordinaire des associés, de nouvelles parts d'industrie peuvent être créées au cours de la vie sociale en vue de leur attribution gratuite à un ou plusieurs nouveaux associés afin de rémunérer leurs connaissances techniques et professionnelles, leur travail et leur savoir-faire.
Anne Greaves
United Kingdom
Local time: 08:19
English translation:sweat equity shares
Explanation:
What are Sweat Equity Shares?

‘Sweat equity shares’ are such equity shares, which are issued by a Company to its directors or employees at a discount or for consideration, other than cash, for providing their know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called.

Sweat equity shares is one of the modes of making share based payments to employees of the company. The issue of sweat equity shares allows the company to retain the employees by rewarding them for their services. Sweat equity shares rewards the beneficiaries by giving them incentives in lieu of their contribution towards the development of the company.

https://taxguru.in/company-law/issue-sweat-equity-shares.htm...

Outre les apports en nature et les apports en numéraire, les associés d’une Société À Responsabilité Limitée peuvent également réaliser des apports en industrie. En effet, pour constituer une société, ils peuvent parfaitement bien effectuer un apport non financier immatériel. Ils mettent ainsi à la disposition de la structure un savoir-faire, une prestation ou des connaissances spécifiques. Quoi qu’il en soit, ce type d’apport est strictement encadré par la législation. Définition, avantages, obligations de l’apporteur... Découvrez alors dans cet article tout ce qu’il faut savoir sur l’apport en industrie dans une SARL.

https://www.statutentreprise.com/apport-en-industrie-dans-un...
Selected response from:

AllegroTrans
United Kingdom
Local time: 08:19
Grading comment
Thanks for the help!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1sweat equity shares
AllegroTrans


Discussion entries: 15





  

Answers


1 day 10 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
sweat equity shares


Explanation:
What are Sweat Equity Shares?

‘Sweat equity shares’ are such equity shares, which are issued by a Company to its directors or employees at a discount or for consideration, other than cash, for providing their know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called.

Sweat equity shares is one of the modes of making share based payments to employees of the company. The issue of sweat equity shares allows the company to retain the employees by rewarding them for their services. Sweat equity shares rewards the beneficiaries by giving them incentives in lieu of their contribution towards the development of the company.

https://taxguru.in/company-law/issue-sweat-equity-shares.htm...

Outre les apports en nature et les apports en numéraire, les associés d’une Société À Responsabilité Limitée peuvent également réaliser des apports en industrie. En effet, pour constituer une société, ils peuvent parfaitement bien effectuer un apport non financier immatériel. Ils mettent ainsi à la disposition de la structure un savoir-faire, une prestation ou des connaissances spécifiques. Quoi qu’il en soit, ce type d’apport est strictement encadré par la législation. Définition, avantages, obligations de l’apporteur... Découvrez alors dans cet article tout ce qu’il faut savoir sur l’apport en industrie dans une SARL.

https://www.statutentreprise.com/apport-en-industrie-dans-un...

AllegroTrans
United Kingdom
Local time: 08:19
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 321
Grading comment
Thanks for the help!

Peer comments on this answer (and responses from the answerer)
neutral  Francois Boye: see my comments in the discussion section
4 hrs
  -> your comment is correct but so is my answer

agree  Christopher RH: absolutely correct. My only regret is that it sounds quite jargony
1 day 12 hrs
  -> thanks
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