{"id":2827,"date":"2022-11-07T15:51:02","date_gmt":"2022-11-07T15:51:02","guid":{"rendered":"https:\/\/new.fiscallegalteam.com\/?p=2827"},"modified":"2023-05-20T13:12:23","modified_gmt":"2023-05-20T13:12:23","slug":"la-reserve-legale-sarl-et-sa-au-maroc","status":"publish","type":"post","link":"https:\/\/fiscallegalteam.com\/en\/la-reserve-legale-sarl-et-sa-au-maroc\/","title":{"rendered":"Legal reserve: SARL and SA in Morocco"},"content":{"rendered":"
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Legal reserves for SARLs and SAs in Morocco.<\/strong><\/span><\/p>

The legal reserve is the amount of profits reinvested in the company within the framework of the minimum capital required by law. Each year, at the Annual General Meeting, the shareholders decide how to allocate the previous year's profits, dividing them between retained earnings, reserves and the legal reserve. The legal reserve is intended to strengthen shareholders' equity. This reserve forms part of shareholders' equity, which is recorded in class 1.<\/p>

The legal reserve is a requirement for all companies in which the liability of shareholders is limited to their capital contributions. It therefore applies to all joint-stock companies (SA, SAS, SASU and SCA) and limited liability companies (EURL and SARL).<\/p>

How does the legal reserve work?<\/strong><\/span><\/h4>

\u00a0<\/p>

In the case of a SARL<\/strong>The legal reserve is 5% of accounting profit, up to a limit of 20% of capital. Article 1038 of the DOC stipulates that: \"One-twentieth (5%) of the net profits earned at the end of each financial year must be deducted, before any distribution, and is used to set up a reserve fund, up to a limit of one-fifth (20%) of the capital.\"<\/p>

Yet in a SA<\/strong>The legal reserve is 5% of accounting profit, up to a limit of 10% of capital. Article 329 of Law no. 17-95 relating to soci\u00e9t\u00e9s anonymes stipulates that: \"Under penalty of nullity of any deliberation to the contrary, a deduction of (5 %) is made from the net profit for the year, less any previous losses, and this deduction is allocated to the formation of a reserve fund known as the legal reserve. This deduction ceases to be mandatory when the legal reserve exceeds one tenth (10%) of the share capital.\"<\/p>

In the case of profits only, you must calculate 5 % of the profit and allocate it to the corresponding account when you enter the appropriation of earnings (on the date of the AGM minutes).<\/p>

There is a limit to the reserve. The reserve is capped at 10 % of share capital for a SA and 20% for a SARL. As long as the limit has not been reached, the allocation of profits must include the 5 % of the legal reserve. In the year in which the limit is reached, you allocate the maximum amount to the legal reserve.<\/p>

During the life of a company. The share capital may increase or decrease, and the legal reserve must be adapted to reflect these changes. In the event of an increase in share capital, the legal reserve must be topped up to the new threshold of 10% of share capital for a SA and 20% for a SARL. In the event of a reduction in share capital, the portion in excess of the threshold of 10 % of share capital for the SA and 20% for the SARL must be allocated to another reserve or to retained earnings.<\/p>

Our legal and tax team will be happy to provide you with any further information you may require.<\/p>

Faithfully yours,<\/p>

Ilham Taha-Bouamri
Chartered accountant and tax specialist<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

La r\u00e9serve l\u00e9gale de la SARL et de la SA au Maroc. La r\u00e9serve l\u00e9gale est le montant des b\u00e9n\u00e9fices r\u00e9inject\u00e9s dans l\u2019entreprise dans le cadre de capital minimum pr\u00e9vu par la loi. Chaque ann\u00e9e, lors de l\u2019Assembl\u00e9e G\u00e9n\u00e9rale Ordinaire, les associ\u00e9s vont d\u00e9cider de l\u2019affectation du r\u00e9sultat de l\u2019exercice pr\u00e9c\u00e9dent, […]<\/p>","protected":false},"author":2,"featured_media":2660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,5],"tags":[],"class_list":["post-2827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fiscalite","category-juridique"],"_links":{"self":[{"href":"https:\/\/fiscallegalteam.com\/en\/wp-json\/wp\/v2\/posts\/2827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fiscallegalteam.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fiscallegalteam.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fiscallegalteam.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fiscallegalteam.com\/en\/wp-json\/wp\/v2\/comments?post=2827"}],"version-history":[{"count":3,"href":"https:\/\/fiscallegalteam.com\/en\/wp-json\/wp\/v2\/posts\/2827\/revisions"}],"predecessor-version":[{"id":2846,"href":"https:\/\/fiscallegalteam.com\/en\/wp-json\/wp\/v2\/posts\/2827\/revisions\/2846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fiscallegalteam.com\/en\/wp-json\/wp\/v2\/media\/2660"}],"wp:attachment":[{"href":"https:\/\/fiscallegalteam.com\/en\/wp-json\/wp\/v2\/media?parent=2827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fiscallegalteam.com\/en\/wp-json\/wp\/v2\/categories?post=2827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fiscallegalteam.com\/en\/wp-json\/wp\/v2\/tags?post=2827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}