Where the dissolution is not declared, the company is required, no later than at the close of the second fiscal year following that in which the losses were recorded, to reduce its capital by an amount at least equal to the amount of losses that could not be posted against retained earnings if, within that period, equity has not been restored up to a value of at least equal to half of the stated capital.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 175
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 665 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
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