07 Apr Company Meeting via Electronic Means

EIMF shares with you an important article that has been prepared by our subject-matter expert Mary – Olive McCluskey. Pertaining to the required provisions for “Company Meetings via Electronic Means”, this insight sets out provisions of the Companies Law Cap. 113 relevant to Directors’ and Shareholders’ Meetings via electronic means.

In light of current developments, existing Cyprus companies may need to amend their Articles of Association or their existing Shareholders’ Agreements to improve their functionality to hold board meetings and general meetings through modern communication technologies. Let us take note of this very useful article.

Existing Cyprus companies may have to amend their Articles of Association or their existing Shareholders’ Agreements to improve their functionality to hold board meetings and general meetings through modern communication technologies. For new companies, it is recommended that specific provisions to hold board meetings and shareholders’ meetings via electronic means be expressly included in their Articles of Association, even if there is no intention to use them.

A company in Cyprus is governed by the Companies’ Law Cap. 113 and by its Memorandum and Articles of Association. Per Section 10 (1) of Cap. 113, the Articles of Association of a company may adopt all or any of the Regulations contained in Table A of the First Schedule of the Companies Law Cap. 113, which are model Regulations / Articles. This insight sets out provisions of the Companies Law Cap. 113 relevant to Directors’ and Shareholders’ Meetings via electronic means.

Find the full article here