S.A. (corporation) (Redirected from Société anonyme)

Share of the Banque de Montreux, issued 20 November 1900. Société anonyme were common in Switzerland at this time.

The abbreviation S.A. or SA designates a type of limited company in certain countries, most of which have a Romance language as their official language and employ civil law. Originally, shareholders could be literally anonymous and collect dividends by surrendering coupons attached to their share certificates. Dividends were paid to whomever held the certificate. Since share certificates could be transferred privately, corporate management would not necessarily know who owned its shares – nor did anyone but the holders.

As with bearer bonds, anonymous unregistered share ownership and dividend collection enabled money laundering, tax evasion, and concealed business transactions in general, so governments passed laws to audit the practice. Nowadays, shareholders of S.A.s are not anonymous, though shares can still be held by a holding company in order to obscure the beneficiary.

Variations

Abbreviation

S.A. can be an abbreviation of:

Literal meaning

It is equivalent in literal meaning and function to:

  • Naamloze vennootschap (N.V.) in Dutch
  • Perseroan Terbatas Terbuka (P.T. Tbk.) in Indonesia
  • Berhad (Bhd.) in Malaysia
  • Anonim Şirket (A.Ş.) or Anonim Ortaklık (A.O.) in Turkish
  • Corporación anónima (C.A.) in Ecuador and Venezuela
  • Anonymi Etaireia (Ανώνυμη Εταιρεία, A.E.) in Greek is usually translated into S.A. in English and foreign languages.

Function

It is equivalent in function to:

See also


This page was last updated at 2024-02-27 12:50 UTC. Update now. View original page.

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