What are OHADA countries?
What are OHADA countries?
OHADA member countries At present OHADA has 16 members: Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Comoros, Congo, Côte d’Ivoire, Equatorial Guinea, Gabon, Guinea, Guinea-Bissau, Mali, Niger, Senegal and Togo.
What is the meaning of OHADA?
OHADA is the French acronym for “Organisation pour l’Harmonisation en Afrique du Droit des Affaires”, which translates into English as “Organisation for the Harmonization of Business Law in Africa”. It was created on October 17, 1993 in Port Louis, Mauritius. The OHADA Treaty is made up today of 16 Africans states.
What are the aims of the OHADA treaty?
OHADA’s mission is the harmonization of Business Law in Africa in order to guarantee legal and judicial security for investors and companies in its Member states. In this way, the Treaty’s main objective is to address the legal and judicial insecurity in Member States.
What are the four institutions of OHADA?
OHADA includes four institutions: the Council of Ministers of Justice and Finance which is the legislative body, • the Common Court of Justice and Arbitration, based in Ivory Coast (Abidjan).
What is the origin of OHADA?
The Organization for the Harmonization of Business Law in Africa (abbreviated as OHADA) is an intergovernmental organization for legal integration. It was established by the Treaty of 17 October 1993 signed in Port Louis (Mauritius), as revised on 17 October 2008 in Quebec (Canada).
Why was OHADA law created?
OHADA was created in a context of acute economic crisis and a drastic fall of investment level in Africa. Legal and judicial insecurity were identified as a major cause of investor distrust.
Is Mauritius part of OHADA?
OHADA is a system of corporate law and implementing institutions adopted by seventeen West and Central African nations in 1993 in Port Louis, Mauritius before it was revised in 2008 in Quebec, Canada.
How are companies classified in OHADA?
Three types of business structures are provided for in Ohada revised Commercial Company Law for these categories of projects : the sole holder private limited company (SARLU), the sole holder public limited company (SAU) and the sole holder simplified corporation (SASU).
When did Cameroon Join OHADA?
October 20, 1995
History of OHADA
| No. | Member State | Ratification/Accession |
|---|---|---|
| 10 | Cameroon | October 20, 1995 |
| 11 | Togo | October 27, 1995 |
| 12 | Chad | April 13, 1996 |
| 13 | Congo | May 28, 1997 |
What are the four types of companies provided by the Ohada law?
How do I register a company in Cameroon?
To register a company in Cameroon , contact a corporate accredited attorney to conduct a corporate name search, ascertain the company objectives , agree on shareholders, appoint the company manager, agree on minimum share capital , determine the share distribution ratio , appoint a company secretary and determine the …
How is a company formed under Ohada?
According to Article 309 of the Uniform Act relating to Commercial Companies and Economic Interest Groups of the OHADA Law stipulates that a private limited liability company may be formed by a natural person or a corporate body, or by two or more natural persons or corporate bodies.
