Where, due to losses recorded in the summary financial statements, the company equity is reduced to less than half of the stated capital, the manager or, as the case may be, the auditor, shall within, four (4) months following the approval of the accounts that document such loss, consult the members on the possibility of an early dissolution of the company.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 106
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 371 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