société de capitalisation

22:32 Feb 22, 2021 

if and when you happen to pay attention to the context, look at the relevant part(s) of the ST, as the part:

'Monsieur BBB précise que la SARL AAA est victime d'une escroquerie organisée par un dénommé CCC via un fonds DDD à qui des investissements auraient été confiés'

makes no difference whatsoever when it comes to defining what would be "une société de capitalisation" in contrast to some unspecified / general type of "société ... ayant pour objet de procéder à des investissements financiers".

00:38 Feb 20, 2021 

@ DAryo

This is abnormal! Please read the explanation: 'Monsieur BBB précise que la SARL AAA est victime d'une escroquerie organisée par un dénommé CCC via un fonds DDD à qui des investissements auraient été confiés'

00:13 Feb 20, 2021 

again you keep neglecting context information.

"Monsieur BBB produit une attestation indiquant que cette société de capitalisation ne lui distribue actuellement ni revenus ni dividendes."

That sounds to me like more than just some subtle / indirect / veiled hint.

It says it couldn't be more explicitly that no revenues / dividends of any kind are being paid by la SARL AAA to their investors, and you still keep quoting as "reference" information about the general type of "investment companies" that DO pay dividends.

23:58 Feb 19, 2021 

Exactly! This SARL AAA functions the same way as a "SICAV de capitalisation" although it's probably not formally called a SICAV (do you get the SICAV type of companies in Luxemburg anyway?)

20:48 Feb 19, 2021 

@ Mpoma:

Let's take the example of a mutual fund, which is an investment company.

*The capital of the mutual fund increases with the number of members

* The reason why members trust mutual funds is that they can generate accumulated profits and high return investments in the long term for their clients.

IN the United States, mutual funds are a king of extra pension funds for the middle class.

17:15 Feb 19, 2021 

A "SICAV de capitalisation" is an accumulation fund. This SARL is conceivably some closed private venture that has been set up to function the same way.

16:59 Feb 19, 2021 

That interpretation makes sense.

Since an attestation is required to prove that it doesn't pay out dividends, it presumably isn't a "special type" of company in the sense that it's defined by law. The "accumulation" aspect must presumably be laid down in its own constitutive documents, or otherwise by agreement between the owners.

16:50 Feb 19, 2021 

this SARL AAA looks like some special type of "investment company" that never pays any kind of dividends / revenues to investors, presumably up to the point where all the "accumulated capital = initial investment + gains / losses" is paid back to the investor in one go.

HERE "capitalisation" would mean that all gains are added to the initial capital invested, without paying any interim dividends.