Proceeds of shares subscribed for in cash shall be deposited by company management on behalf of the company either in a duly accredited credit or microfinance institution domiciled in the State party of the headquarters, or at a notary’s office.
Such deposit shall be made within a period of eight (8) days from the receipt of the funds.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 160
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 607 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