Shares issued for cash are those whose amount is paid in cash or by conversion of claims on the company that are certain, of a fixed amount and due, those issued as a result of incorporation into the capital of reserves, profits or issue premiums, and those whose amount is partly the result of an incorporation of reserves, profits or share, issue or merger premiums, part of cash payment.
The latter must be fully paid up upon subscription.
All other shares are shares representing in-kind contribution share.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 193
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 748 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