A contribution auditor’s task is to verify the valuation of contributions in kind to the capital of a company. He/she is independent and therefore cannot be a CAC (Statutory auditor) of the same company. The contribution auditor is appointed unanimously by the partners. If there is no consensus, he is appointed by the commercial court at the request of the legal representative. In a SAS, his appointment is mandatory from the first contribution in kind. For a SARL, his appointment is optional provided that :
- the value of each contribution is less than EUR 30,000 ;
- and that the total amount of the contributions in kind is less than half the share capital.