UNDERTAKINGS ON BEHALF OF THE COMPANY UNDER FORMATION BEFORE ITS FORMATION IN CAMEROON
According to article 106 of the 2014 OHADA Law, acts and undertakings by the founders on behalf of the company under formation, before it is
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 106 of the 2014 OHADA Law, acts and undertakings by the founders on behalf of the company under formation, before it is
Any public limited company may be transformed into a company of another form where, at the time of its transformation, it has been in existence
The transformation of a company is the operation whereby a company changes legal form by the decision of the members.The regular transformation of a company
Except in case of death or removal, the term of office of directors shall end at the close of the ordinary general meeting reviewing the
According to article 449 of the OHADA Law of 2014, suretyships, endorsements and guarantees, autonomous counter-guarantees and other guarantees subscribed by companies other than those
According to article 506 of the OHADA Law of 2014, suretyships, endorsements and guarantees, counter-guarantees and other security interests granted to companies other than credit
Stated capitalUnless otherwise provided for by a national legislation, the amount of stated capital shall be one million (1,000,000) CFA Francs at least. It shall
Subscription or purchase by the company of its own shares, either directly, or by a person acting in his own name but on behalf of
According to article 61 of the OHADA Law of 2014, every company shall have a stated capital that is stated in its articles of association.The
In the case of contributions in-kind and/or stipulations of special benefits, one or more contributions auditor (s) shall be appointed, unanimously by shareholders or failing