The report of the board of directors or of the general director pursuant to article 588 above shall state:
1) the maximum amount and the reasons for the proposed increase of capital; 2) the reasons for the proposed removal of the pre-emptive subscription right; 3) the name of the beneficiaries of the new shares, the number of instruments assigned to each of them and, with its justification, the issue price.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 156
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 589 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