About this document
New Ethiopian Commercial Code on Share Companies by ahmeddire2022 is a document available to read on EtoBox.
The new Commercial Code Proclamation 1243/2021 introduces significant changes to the formation of share companies in Ethiopia, including the definition of promoters and founders, the requirement of only a memorandum of association, and a two-step verification process for contributions in kind. It also mandates an external audit before the meeting of subscribers and extends the action period for non-compliance from three months to one year. Overall, the new code aims to enhance clarity and streamline the for
- Author
- ahmeddire2022
- Language
- EN