#EQUT0300695ADecree of May 20, 2003 Setting Thresholds for Rail Company Operating License
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This law establishes the minimum capital social threshold and the necessary documentation required for evaluating the financial capacity of applicants seeking a rail operator license in France. Specifically, it sets the capital threshold to 1,500,000 EUR and details the types of financial documents that must be submitted, including annual accounts and balance sheets. Additionally, it mandates that applicants must be up-to-date with their tax and social contributions to qualify for the license.
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Key Changes
- Establishment of a fixed capital social threshold of 1,500,000 EUR.
- Detailed documentation requirements for financial capacity assessment set forth.
- Abrogation of previous regulations regarding capital thresholds for international transport licenses.
Obligations
What this law requires
Maintain minimum capital social of 1,500,000 EUR to be eligible for a rail company operating license
Submit annual accounts (comptes annuels) as supporting documentation for license application
Submit annual balance sheet (bilan annuel) as supporting documentation for license application
Provide detailed information on available financial resources including bank deposits, current account advances, and loans
Provide detailed information on funds and movable assets available as security/collateral