When is it compulsory to appoint a contribution auditor?

When a shareholder contributes an asset in kind to a company being incorporated or increasing its capital, an independent valuation is required, unless the law provides an exemption.

What is the role of the contribution auditor?

They assess the value of the assets contributed to the company to make sure it is not overstated, and so protect the other shareholders and the creditors.

When does a merger auditor step in?

They step in for mergers or demergers of companies, to attest to the fairness of the exchange ratio between the entities involved.

Is the auditor’s report required to complete the transaction?

Yes. The report is made available to shareholders before the meeting called to decide on the transaction, and filed with the registry of the commercial court. Without this report, the meeting cannot validly approve the contribution or the merger.

Security and impartiality for your capital transactions

Review of contributions and corporate transactions in compliance with regulatory requirements.

Contribution and merger appraisal

In Marrakech, Accura Advisory acts as contribution and merger auditor, to assess the value of contributions in kind when a company is incorporated or increases its capital, and the fairness of the exchange ratio in mergers or demergers.

Our independent engagement secures the transaction, protects the interests of shareholders and third parties, and ensures compliance with Moroccan regulatory requirements.

A complete engagement that meets legal requirements

We carry out a careful valuation of contributions in kind (movable property, real estate, business assets…) and of any special benefits granted to certain shareholders. In a merger, we check the fairness of the share exchange ratio. All our procedures meet the standards of the Order of Chartered Accountants and protect the trust of shareholders, investors, banks and authorities, in compliance with the regulations in force in Morocco.

Valuation of contributions in kind
Review of the exchange ratio
Protection of shareholders and third parties
Compliance with the regulatory framework

Sensitive transactions, secured at every step

Valuation of contributions, exchange ratio, reports to shareholders: we work closely with your legal advisers and your chartered accountant. Our work aims to ensure that the values used are justified and the documents compliant, so your transaction is completed within a secure legal framework.

Discover our firm

Regulated expertise to secure your sensitive corporate transactions

Thorough preparation
Valuation of the contributions
Review of the exchange ratio
Detailed, reasoned report

Our contribution or merger appraisal follows a rigorous method in four essential phases. It begins with thorough preparation: we analyse the legal framework of the transaction, gather the necessary documents and define the exact scope of our work. Next, we carry out the valuation of the contributions, whether tangible, intangible or financial assets, applying recognised methods (net assets, comparables or earnings-based) to determine their fair value.

The third step is the review of the exchange ratio, when several companies are involved, to assess its fairness for each party. Finally, we draft a detailed, reasoned report setting out our analysis, conclusions and opinion, for shareholders, management and, where applicable, the authorities. This approach ensures an impartial, documented and compliant process, essential to legally secure your merger, contribution or conversion transactions in Marrakech.

Your questions

Answers to the questions our clients ask us most often. Another question? Contact us.

When a shareholder contributes an asset in kind to a company being incorporated or increasing its capital, an independent valuation is required, unless the law provides an exemption.
They assess the value of the assets contributed to the company to make sure it is not overstated, and so protect the other shareholders and the creditors.
They step in for mergers or demergers of companies, to attest to the fairness of the exchange ratio between the entities involved.
Yes. The report is made available to shareholders before the meeting called to decide on the transaction, and filed with the registry of the commercial court. Without this report, the meeting cannot validly approve the contribution or the merger.