Lex Cameroon

Uniform Act relating to commercial companies and economic interest groups › Title 2 › Chapter 3

SECTION 361

Where the capital is increased by shares issued for cash, the funds derived from the subscription shall be deposited at the bank or at a notary’s office in conformity with the provisions applicable during the formation of a company. The funds derived from the issue may be made available to the manager where he gives the depositary bank or notary a certificate from the Trade and Personal Property Rights Register showing that the modification following the increase of capital has been recorded.
Official translation Spot-checked In force from 17 April 1997 Source page 89

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Texte français

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Section 361 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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