It is a criminal offense for the founders, the chief executive officer, the general manager, the general director or the deputy general director of a public limited company to issue shares before the registration of the company or, at any time, when the registration is proved to be fraudulent or that the company is improperly formed.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 247
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 886 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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