ANNUAL GENERAL MEETING (LIMITED LIABILITY PARTNERSHIP IN CAMEROON)
According to article 293 of the revised OHADA Law of 2014, the limited liability partnership is a partnership in which one or more partners jointly
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INTRODUCTION
The corporate practice blog is a compendium of all aspects of legal and corporate practice provisions touching on the existence and operations of partnership business, private company business and public company business.
This blog is aimed at providing answers to legal and corporate practice oriented inquiries as will be required by clients, investors, students, corporate experts, notaries and advocates in Cameroon.
The registration and operation of different categories of business and corporate entities in Cameroon as captioned by the revised OHADA Law of 2014 are quite complex and mistakes are usually made by investors and practitioners due to lack complete knowledge in the particular subject matter.
In this blog, you will find provisions touching on registration of corporate entities, responsibilities of auditors, management and members, aspects of voting rights of members of registered companies and their proxy, liquidation and dissolution of corporate entities, conditions for engaging in public offering for shares, categories and combination of securities etc.
Worthy of note to clients who peruse this blog is the fact that the need for the services of professionals such as Notaries, Advocates, audit firms and corporate law firms is key to successful company registration and operations in the Cameroon business environment as they are up to date with changes taking place in the legal sphere of corporate matters in Cameroon.
ANNUAL SUMMARY FINANCIAL STATEMENTS FOR COMPANIES REGISTERED IN CAMEROON
At the close of each fiscal year, the manager or the board of directors, or the general director, as the case may be, shall prepare
APPOINTMENT OF AUDITOR AND ALTERNATE (AUDIT OF PUBLIC LIMITED COMPANY IN CAMEROON)
Public limited companies that do not raise capital through public offerings are required to appoint one auditor and one alternate. Public limited companies that raise
AUDIT BY PARTNERS (GENERAL PARTNERSHIP IN CAMEROON)
By article 289 of the revised OHADA Law of 2014, non-managing partners are entitled to inspect, at the headquarters, twice (2) a year, all records
AUDIT BY PARTNERS AND END OF THE LIMITED LIABILITY PARTNERSHIP IN CAMEROON
According to article 293 of the revised OHADA Law of 2014, the limited liability partnership is a partnership in which one or more partners jointly
AUDITOR’S RESPONSIBILITY (PUBLIC LIMITED COMPANY IN CAMEROON)
The incumbent auditor holding the position shall be held civilly liable, both towards the company and third parties, for harmful consequences, faults, and negligence he
AUDITOR’S RIGHTS (PUBLIC LIMITED COMPANY IN CAMEROON)
Any time during the year, the auditor shall perform all verifications and inspections that he deems appropriate and may receive, on-site, all documents that he
AUDITOR’S TEMPORARY OR PERMANENT ABSENCE
In the event of absence, resignation, or death of the auditor, his duties are performed by the alternate auditor until the end of such predicament
BOARD OF DIRECTORS’ MEETINGS (PUBLIC LIMITED COMPANY)
Calling and proceedings of the board of directors meetings Subject to provisions of the uniform Act of the revised OHADA Law of 2014, the articles
BONDHOLDERS’ INDIVIDUAL RIGHTS (COMPANIES REGISTERED IN CAMEROON)
Bondholders’ individual rights
Bondholders may not exercise individual control over the operations of the company or obtain company documents. They shall be entitled to obtain, at their own