Lex Cameroon

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

SECTION 826

The prospectus referred to in the preceding article shall contain the following details: 1°) the name of the company being formed followed, where necessary, by its acronym; 2°) the form of the company; 3°) the registered capital; 4°) the company’s object; 5°) the address of the registered office; 6°) the duration of the company; 7°) the number of shares subscribed to, for cash and the amount immediately due comprising, as the case may be, the agio on issue; 8°) the nominal value of the shares to be issued, with a distinction made, where necessary, between each category of shares; 9°) a summary description of non-cash contributions, their total valuation and their mode of remuneration, with an indication of the provisional nature of the said valuation and the mode of remuneration; 10°) the special benefits stipulated in the draft Articles of Association in the interest of any person; 11°) the conditions of admittance to shareholders’ meetings and of exercising the voting rights with an indication, where necessary, of the provisions relating to the granting of the double voting right; 12°) where necessary, the clauses relating to the approval of transferees of shares; 13°) the provisions relating to the sharing of profits, the building up of reserves and the sharing of the bonus after liquidation; 14°) the full names and address of the notary public or the corporate name and registered office of the bank in which the funds from the subscription shall be deposited; 15°) the time limit open for subscriptions with an indication of the possibility of early closure in case the full subscriptions are made before the expiry of the said time limit; 16°) the procedure for convening the constituent general meeting. The prospectus shall be signed by the promoters and it shall state: 1°) in case of natural persons, their usual full names, address and nationality; 2°) in case of corporate persons, their name, form, registered office and, as the case may be, the amount of the registered capital.
Official translation Spot-checked In force from 17 April 1997 Source page 177

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Texte français

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Contents

Section 826 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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