Contributions of service shall not be counted in the constitution of the stated capital, but they
shall entail allocation of company securities giving voting right, share of profits and net assets, provided that the contributor share liability for losses.
However, voting rights attached to securities allocated for contributions of services shall not exceed twenty-five per cent (25%) of aggregate voting rights.
The total share attached to such securities may not exceed twenty-five percent (25%) of the company profits, net assets and losses.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 21
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 50-3 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