When the liquidation is acting further to a court decision, shall face a criminal charge, the liquidator who, knowingly:
1) has not, within six (6) months of his appointment, submitted a report on the assets and liabilities of the company under liquidation and on the continuation of liquidation transactions, nor requested the authorizations necessary to complete them; 2) failed, within three (3) months of the end of each fiscal year, to prepare summary financial statements in light of the inventory and a written report in which he gives an account of the liquidation transactions during the preceding fiscal year; 3) failed to enable members to exercise their right to examine company records during the liquidation period, in the same conditions as before; 4) failed to convene members, at least once a year, to report on the summary financial statements in the event the company continues to operate; 5) failed to deposit, in a bank account opened of the company under liquidation, within fifteen (15) days from the decision of distribution, the amounts earmarked for allotment between members and creditors ; 6) failed to deposit, in a capital payment account opened in the accounts of the Treasury, within a period of one (1) year from the end of the liquidation, sums/amounts allocated to creditors or partners and unclaimed by them.
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 903 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