Have you ever wondered why women in most parts of Cameroon pass through “hell” when their husbands die? The world we are living in is a chauvinistic world, where the men dominate every sphere of life. This is why it seems men don’t usually pass-through hell when their wives die. The reason for this being …
INTRODUCTION Police clearance certificate in Cameroon is an official document issued by the Cameroon Police as a background check on those who are immigrating to another country. Police character clearance is done to check whether an applicant has criminal record. This document is to guaranty the host country that you are not wanted by law …
INTRODUCTION A company resolution formally documents the decisions of a corporation’s board of directors. The board votes on resolutions during a board meeting or in writing. Cameroon require corporations to use corporate resolutions to record important business decisions. Without proper corporate resolutions, owners could lose their limited liability protections TYPE OF COMPANY RESOLUTION IN CAMEROON …
INTRODUCTION Proxy means a person nominated by a meeting member to attend a company meeting on his behalf and take part in voting and can exercise same rights as the member appointed by him. A proxy may not be a member of a company. Proxy also refers to an instrument by which a person is …
INTRODUCTION One of the direct consequences of incorporation of a company is that a registered company is conferred with the privileges of corporate personality. A fundamental attribute of corporate personality is that the company is a legal entity distinct from its members. However, since the company is an “artificial person”, it can only be run …
INTRODUCTION Company Meeting in Cameroon is an essential aspect of corporate Governance. It refers to General Meeting of Shareholders / members and other authorized persons that are entitled to attend such as auditors. The members in General Meeting can take certain decision to control the management of the company and ratify ultra vires acts. The …
Shares are units of ownership interests in a company that makes up a company’s share capital. They are the tangible properties that are capable of being transferred to another by way of sale or gift. Any shareholder can decide to transfer their shares to another party provided that such transfer is done according to the company’s Articles of …
GETTING INTO A JOINT VENTURE AGREEMENT IN CAMEROON A Joint Venture is a business agreement entered into or created by two or more parties to accomplish a specific task or business goal while retaining their separate identities. The importance of a Joint Venture agreement can be seen when parties intend to access new emerging market, …
A partnership agreement is a contract between partners in a partnership which sets out the terms and conditions of the relationship between the partners, including: Percentages of ownership and distribution of profits and losses. So, what should businessmen consider in drafting a partnership agreement? Here’s a list of some key items you should definitely think about before signing a partnership agreement …
An incorporated company has a separate entity distinct from the individuals who are shareholders and directors in control of the company’s operations. The procedure to sue a company in Cameroon is not far-fetched from the procedure for suing an ordinary person, because a company is also deemed as a legal personality with its own rights …
