The contributions auditor shall prepare, under his professional responsibility a report that describes each contribution and/or special benefits, stating its value, specifies the method of appraisal used and the reasons for such choice, establishes that the value of contributions and/or special benefits corresponds, at least, and the nominal value of the shares to be issued.
He may be assisted in the performance of his duties by one or more experts of his choice. These experts’ fees shall be borne by the company.
In the event the contributions auditor is unable to establish the value of special benefits, he shall analyze their consistency and impact thereof on the situation of shareholders.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 162
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 621 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