The Articles of Association being the governing document for a company in Cameroon is required to have certain mandatory information to be eligible for registration in the Cameroon company registration office.
The articles of association shall state forth:
1) The type of the company;
2) Its name followed, where applicable, by its acronym;
3) The nature of its business and area of its activity, which constitutes its purpose;
4) Its headquarters;
5) The duration of the company’s existence;
6) The identity of contributors of cash, and for each of them, the amount of their contribution, the number and value of securities allocated in exchange for each contribution;
7) The identity of those that made contributions in kind, the nature and assessment of the contribution made by each of them, the number and value of securities allocated in exchange for each contribution;
8) The identity of those who contribute services, the nature and duration of services provided by each of them, the number and value of securities allocated in exchange for each contribution;
9) The identity of beneficiaries of special benefits and the nature thereof;
10) The amount of stated capital;
11) The number and value of securities issued, stating, where appropriate, the different categories of securities created;
12) Provisions relating to distribution of profits, constitution of reserves and distribution of liquidation surplus;
13) Its operational procedures.
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