The authorization of the ordinary general meeting is not needed where agreements relate to ordinary operations entered into under regular conditions.
Ordinary operations are those carried out routinely by a company in the ordinary course of business, as part of its activities.
Regular conditions are those applied for similar agreements of the company in question or, possibly, those applied by companies in the same sector.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 101
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 352 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014