Translation of "valeur d'apport " (French → English) :

the companies furnishing such consideration have reserves which may not be distributed under the law or the statutes and which are at least equal to the nominal value or, where there is no nominal value, the accountable par of the shares issued for consideration other than in cash.

1. Member States may decide not to apply Article 10(1), (2) and (3) of this Directive where, upon a decision of the administrative or management body, transferable securities as defined in point 18 of Article 4(1) of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments or money-market instruments as defined in point 19 of Article 4(1) of that Directive are contributed as consideration other than in cash, and those securities or money-market instruments are valued at the weighted ave ...[+++]rage price at which they have been traded on one or more regulated markets as defined in point 14 of Article 4(1) of that Directive during a sufficient period, to be determined by national law, preceding the effective date of the contribution of the respective consideration other than in cash.

(Return tabled) Question No. 849 Mr. Matthew Kellway: With regard to the F-35 JSF Program: (a) what is the total Canadian dollar value of benefits received by Canadian industry from Canada’s participation in the F-35 JSF Program (i) from the start of the program until December 1, 2011, (ii) from December 2, 2011 to June 22, 2012; (b) what is the projected value of future contracts, from June 22, 2012, onwards, that come as a result of Canada’s participation in the JSF program; (c) for the contracts in (a), what is the value of each contract that was awarded and on what date was each contract signed; (d) what methodology was used to de ...[+++]termine the value of (i) the contracts in (a), (ii) the contracts in (b); (e) was there industry involvement in determining the values of (i) the contracts in (a), (ii) the contracts in (b); (f) do these valuations include analysis related to the global supply chain; (g) do these valuations include and/or anticipate changes in the domestic supply chain; (h) is the information used in the valuations updated periodically and, if yes, how frequently; (i) was the methodology used to arrive at the values in (a) and (b) independently audited and, if yes, by whom and what was the result of the audit; (j) since the start of the program, have there been discrepancies between projected and actual value of benefits received by Canadian industry; (k) if the answer to (j) is in the affirmative, what are the specific instances and contracts where discrepancies occurred, including (i) the value of each discrepancy, (ii) the name of each company that was meant to receive the benefit; (l) what, if any, changes have been made to the valuations and projection processes used to determine all and any cost projections related to the F-35 JSF program in response to the recommendations in the April 2, 2012, Auditor General's report; (m) for the contracts in (a), is there a means of ensuring that the contracts are being fulfilled as stated in terms ...

In 1990, Italian legislation provided that the transfer of assets was regarded, for tax purposes, as a sale of company assets and was subject to a tax on the capital gains (the difference between the book value of the transferred asset and its value for tax purposes).

‘division’ means an operation whereby a company, on being dissolved without going into liquidation, transfers all its assets and liabilities to two or more existing or new companies, in exchange for the pro rata issue to its shareholders of securities representing the capital of the companies receiving the assets and liabilities, and, if applicable, a cash payment not exceeding 10 % of the nominal value or, in the absence of a nominal value, of the accounting par value of those securities.

They illustrate the undeniable "added value" of the Council of Europe, and I would like to pay tribute to the spirit of initiative and the sheer hard work that lies behind these achievements.