LIMITED LIABILITY PARTNERSHIP
According to article 293 of the OHADA Law of 2014, a limited liability partnership is a partnership in which one or more partners jointly and
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 293 of the OHADA Law of 2014, a limited liability partnership is a partnership in which one or more partners jointly and
GENERAL PROVISIONS The provisions of this chapter shall apply to any liquidation of a commercial company organized amicably in accordance with the articles of association
The issue price of new shares or the conditions for fixing such price must be determined by the extraordinary general meeting based on the report
According to article 242 of the OHADA Law of 2014, the invalidity of a company shall only derive from an express provision of this uniform
According to article 160-1 of the OHADA Law of 2014, when the normal operation of the company has become impossible, either because of the management
According to article 593 of the OHADA Law of 2014, shareholdersmay individually renounce their pre-emptive subscription rights infavor of designated individuals. They may also renounce
According to article 161 of the OHADA Law of 2014, without prejudice to the company’s potential liability, every company manager shall be individually liable to
According to article 529 of the OHADA Law, the general meeting shall be chaired, as appropriate, by the chief executive officer, the chairman of the
According to article 23 of the OHADA Law of 2014, everycompany shall have a headquarters which shall be stated in itsarticles of association.The headquarters shall
The withdrawal of funds generated by subscriptions in cash may only take place after the capital increase has been completed. It is performed/carried out by