When there was no contributions auditor or where the retained value is different from that proposed by the contributions auditor, the manager and members shall be liable for the value attributed to the contributions in kind in accordance with conditions set forth in article 312 above.
However, the meeting may reduce the value of contributions or special benefits only by unanimity of the subscribers and with the express consent of the contributor or of the beneficiary referred to in the minutes. Otherwise, the increase in capital shall be null.
Capital Reduction
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 105
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 365 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