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Structural division: books
Article 536 — Unilateral Declaration: Content and Form
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ the unilateral declaration incorporating a one member private limited company shall be made before an authority entrusted with authentication of documents and entered into the commercial register.
2/ the unilateral declaration shall indicate:
a) that the company has only one member;
b) the name, nationality and address of the member;
c) The name of the nominee of the company who will act on behalf of the member or his heirs in the event of death or absence or judicial interdiction of the member;
d) the acceptance by the nominee to shoulder responsibility;
e) the company name, head office, and branches, if any;
f) the business purpose of the company;
g) the amount of the capital of the company and a statement that the capital has been fully paid;
h) the valuation of contributions in kind, if any;
i) the name and powers of the manager;
j) the name of the auditor, if any;
k) the period of time for which the company is established;
l) the method and time within which performance report of the company is released;
m) other particulars required to be included by the law or the member.