REQUIREMENT FOR THE LIQUIDATION OF A COMPANY IN CAMEROON

REQUIREMENT FOR THE LIQUIDATION OF A COMPANY IN CAMEROON

LIQUIDATION OF A COMPANY IN CAMEROON 2024

PUBLICATION REQUIREMENT FOR THE LIQUIDATION OF A COMPANY IN CAMEROON

The instrument appointing the liquidators, whatever its form, shall be published within one month from the date of the appointment in a newspaper empowered to publish legal notices in the State Party of the registered office.

It shall include the following information:

1. the name of the company and, where necessary, its acronym;

2. the form of the company, followed by the words “company in liquidation”;

3.  the amount of registered capital;

4. the address of the registered office;

5.  the registration number in Trade and Personal Property Right Register;

6. the cause of liquidation;

7.  the usual full names and address(es) of the liquidator(s);

8. where necessary, provisions relating to the limitations to their powers;

9.  the place where correspondence should be sent and the place where acts and other documents concerning the liquidation should be notified;

10.  The court in charge of commercial matters whose registry shall be the depositary of the acts and documents relating to the liquidation which shall be filed as annexes in the Trade and Personal Property Rights Registry.

At the instance of the liquidator, the same details shall be brought to the notice of holders of registered shares and bonds by hand-delivered letter against a receipt or by registered letter with a request for acknowledgement of receipt.

During the liquidation of the company, the liquidator shall be responsible for complying with publication formalities incumbent on the legal representatives of the company.

The notice of the end of liquidation, signed by the liquidator, shall be published at the instance of the liquidator in the newspaper wherein his appointment was published or, failing this, in a newspaper empowered to publish legal notices.

It shall include the information referred to in paragraphs (1), (2), (3), (4), (5) and (7) of Article 266 of The OHADA Uniform Act in Cameroon as well as:

1. the date and place of the session of the final meeting, where the liquidation accounts were approved by it or the date of the decision of the competent court sitting and ruling in place of the meeting, as well as an indication of the court which pronounced it;

2. an indication of the registry of the court in charge of commercial matters where the liquidators’ accounts are deposited.