Where because of losses recorded in the summary financial statements state that the company equity has been reduced to less than half of the stated capital, the board of directors or the general director, as the case may be, is required, within four (4) months following the approval of the accounts that showed the loss, to call an extraordinary general meeting in order to decide whether the early dissolution of the company shall occur.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 174
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 664 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