NOM221: Company Law

The purpose of the module is the understanding of the legal framework, which is the basis for the formation, operation and dissolution of a company. The module begins with an introductory statement and an identification of the basic concepts, terminology and principles found in company law. Then, an indicative analysis is made of the process of setting up a company in Cyprus with reference to the formal and substantive conditions set by the legislation as well as the legal consequences occurred due to the incorporation of a company. Furthermore, the founding documents of a company, their content as well as the changes that may occur in them are thoroughly examined. Additionally, the issue of legal capacity of a company before and after its incorporation is considered. Then, the concept of capital is analyzed, the different types in which it is presented and the ways in which it fluctuates. In addition, a thorough analysis is made of the company's organs as well as the powers and responsibilities with which each of them is in charge. Also, extensive reference is made to the duties and obligations of the directors of a company. Next, the ways of protecting the minority are examined as well as the ways in which a company can be liquidated.