CALLING GENERAL MEETING (PRIVATE LIMITED COMPANY IN CAMEROON)
According to Article 309 of the revised OHADA Law of 2014, a private limited company is a company in which members are liable for the
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.
According to Article 309 of the revised OHADA Law of 2014, a private limited company is a company in which members are liable for the
Conditions for redemption Capital redemption is the operation whereby the company reimburses shareholders all or parts of the nominal value of their shares, as an
Where because losses recorded in the summary financial statements state that the company equity has been reduced to less than half of the stated capital,
The stated capital shall be reduced, either by decreasing the nominal value of shares or by decreasing the number of shares. The reduction of capital
In each public limited company, supervision is exercised by one or more auditors. The duties of an auditor shall be carried out by individuals or
The founders of the company to whom the invalidity is attributable, and the directors or the general director in office at the time were incurred,