Shall face a criminal charge, company management that, knowingly, at the time the company equity falls below half of the stated capital due to losses recorded in the summary financial statements:
1) failed to call, within four months following the approval of the summary financial statements that reflect the losses, the extraordinary general meeting to decide, if appropriate, the dissolution of the company; 2) failed to record the early dissolution of the company at the registry of commerce and securities and publish it in a newspaper authorized to publish legal notices.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 251
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 901 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