Private limited companies whose registered capital exceeds ten million (10 000 000) CFA francs
or which fulfil either of the following two conditions:
(1) the annual turnover exceeds two hundred and fifty million (250 000 000) CFA francs or
(2) the permanent staff exceeds 50 persons,
shall be required to designate at least one auditor.
For other private limited companies which do not fulfil these criteria, the appointment of an
auditor shall be optional. However, one or more members controlling at least one-tenth (1/10)
of the registered capital may apply to the court for the appointment of an auditor.
Sub-section 2
The auditor
Official translation
Spot-checked
In force from 17 April 1997
Source page 92