RESERVES – DISTRIBUTABLE PROFITS
According to article 142 of the OHADA Law of 2014, the general meeting shall decide on the allocation of income in compliance with legal provisions
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 142 of the OHADA Law of 2014, the general meeting shall decide on the allocation of income in compliance with legal provisions
According to article 538 of the OHADA Law of 2014, any shareholder may be represented by an agent of his choice. Any shareholder may receive
According to article 458 of the OHADA Law of 2014, the deliberations of the meetings of the board of directors shall be recorded in minutes
Forms of shares According to article 748 of the OHADA Law of 2014, shares issued for cash are those whose amount is paid in cash
According to article 778-1 of the OHADA Law of 2014, during the formation of the company or its useful life, preferred shares may be issued,
According to article 779 of the OHADA Law of 2014, bonds are negotiable debt instruments that, for the same issue, confer the same rights to
According to chapter 4 of the 2014-revised edition of the OHADA Law, Every company shall have a purpose that consists of its area of activities,
According to article 598 of the OHADA Law of 2014, shareholders shall be informed of the issuance of new shares and its terms by a
According to article 846 of the OHADA Law of 2014, the provisions of this section apply to companies whose shares are listed, in whole or
According to article 81 of the OHADA Law of 2014, are deemed to trade securities publicly: When a financial market covers several States parties, these