Ann: Notice of General Meeting/Proxy Form, page-43

https://www.investopedia.com/terms/s/socit-anonyme.asp

An S.A. is subject to different tax regulations than a sole proprietorship or partnership, and, in the case of a public S.A., different accounting and auditing requirements. In addition, all S.A.s must meet certain basic legal requirements. To be valid, a Société Anonyme must have articles of incorporation, a board of directors and a managing director or a management board, and a supervisory board, a statutory auditor and deputy, capital of at least 37,000 euros (half of which must be released at the constitution of the company, with the balance to be paid within five years), and a unique name. It is generally constituted for 99 years maximum.

Other regulatory requirements vary by country. In Belgium, for example, an S.A. must be funded with at least €61,500 (as of 2018), 25% of which must be deposited during the incorporation process, and have at least two partners. In Costa Rica, nonresidents can start an S.A. without a Costa Rican partner. There are typically fees, which vary by location, for completing the various legal steps for forming an S.A. Well-known companies that are established as S.A.s include Nestlé, Anheuser-Busch InBev, and L’Oréal.