Where the capital of the company being formed is less than the minimum amount fixed by this uniform Act, the company may not be duly formed.
Where, after the formation of the company, its capital is reduced to an amount less than the minimum fixed by this uniform Act, for the specific type of company, the company shall be dissolved, unless the capital is increased to an amount at least equal to the minimum amount set, under the conditions set forth in this uniform Act.
Modification of capital
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 24
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 66 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
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