Lex Cameroon

Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique › Book 4 › Title 1 › Chapter 2

SECTION 398

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The withdrawal of funds from subscription in cash can take place only after the registration of the company with the registry of commerce and securities. It is done, as the case may be/as appropriate, by the chief executive officer, the general manager or the general director upon presentation to the depositary of the certificate of the clerk or of the competent authority of the State party confirming the registration of the company with the registry of commerce and securities. Any subscriber may, six (6) months after paying for the subscription, petition the competent court to rule expeditiously for the appointment of a director in charge of withdrawing the funds to pay back subscribers, after deduction of his costs for their distribution if, on that date, the company is not registered.
Unofficial translation Transcription: Spot-checked In force from 05-05-2014 Source page 113

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ARTICLE 398

Contents

Section 398 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
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