Lex Cameroon

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

SECTION 830

The Chairperson Managing Director, the General Manager of a company whose shares are quoted on the stock exchange of one State Party and the natural or corporate persons performing the duties of director in the company shall be required, within the time limit fixed in the second paragraph of this article, to obtain registered status for the shares belonging to them personally or those belonging to their unemancipated minor children issued by the company itself, by its subsidiaries, by the company of which it is a subsidiary or by the other subsidiaries of such company, where the shares are quoted on the stock exchange of one or more State Parties. The time limit referred to in the preceding paragraph shall be one month from the date on which the persons concerned acquire the capacity making them subject to the provisions by the preceding paragraph. The time limit shall be twenty days from the date of entry into possession where the persons concerned acquire the shares referred to in the first paragraph of this article. The preceding provision shall apply to the permanent representatives of corporate persons performing the duties of director in the companies whose shares are quoted on the stock exchange of one or more State Parties. They shall also apply to the spouses (not separated) of all the persons referred to in this article. Failure to obtain the registered status for the shares, the persons concerned shall deposit them in a bank or with a stock broker. Section 2 Shareholders’ meetings
Official translation Spot-checked In force from 17 April 1997 Source page 179

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Section 830 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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