Shall face a criminal charge, directors, the chairman of the board of directors, the chief executive officer, general manager, deputy general manager, general director, deputy general director of a public limited company or the president of a simplified public limited company who, during an increase of capital, has issued shares or shares denominations:
1) before the depository’s certificate has been established; 2) without prior compliance with the formalities for capital increase; 3) without payment in full of the company's previously subscribed capital; 4) without the payment of at least a quarter of the nominal value of new shares at the time of subscription; 5) where appropriate, without the full payment of the issue premium at the time of subscription.
Criminal charges shall also be brought against individuals referred to in this article who failed to maintain cash shares in their nominative form until they are fully paid up.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 249
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 893 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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