UNREGISTERED COMPANIES IN CAMEROON
CAMEROON REGISTRATION IN CAMEROON 2024
With the exception of sleeping partnerships, all companies shall be registered in the Trade and Personal Property Rights Register.
All companies shall have a legal personality with effect from the date of registration in the Trade and Personal Property Rights Register, except otherwise provided in this Uniform Act.
Regular transformation of a company from one form of the company into another shall not entail the creation of a new legal entity. The same shall apply to an extension of the existence of a company or any other amendments of the Articles of Association.
A company shall be deemed to be under formation where it has not yet been incorporated. Prior to its registration, the company shall not plead its existence or non-existence against third parties. However, third parties may in such cases plead the existence of the company.
All persons who actively participate in transactions leading to the formation of a company shall be deemed to be founders thereof.
Their role shall begin with the first transactions or with the performance of the initial acts for the purpose of setting up the company. It shall end on the date on which the Articles of Association are signed by all the members or the sole proprietor.
Founders of a company shall have an official address on the territory of one of the State Parties.
Such address shall not consist solely of a post box. It shall be identifiable by an address and a sufficiently specific geographical location.
from the date of signature of the Articles of Association, company executives shall take over from the founders. Company executives shall act on behalf of the company already formed but not yet entered into the Trade and Personal Property Rights Register.
powers and obligations of company executives shall be defined in accordance with the provisions of this Uniform Act and, where necessary, by the Articles of Association.
Between the date on which a company is formed and that on which it is entered in the Trade and Property Rights Register principles arrange the members shall be governed by the articles of Association and by general principles relating to the law of contracts.
Article by CHUO ANGABUA JUNIOR
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