A Cyprus company which has been struck off from the companies register, due to non-compliance with the Companies Law, can be restored and considered to have continued in existence as if its name had not been struck off, following either an application directly to the Registrar of Companies or by an application to the District Court.
A Cyprus company which has been struck off the register can be reinstated, depending on the circumstances, either by an application to the Registrar of Companies or by an application to the District Court.
A shareholders’ agreement is an agreement entered into by the shareholders of company and which stipulates their respective rights and obligations. The shareholders’ agreement can regulate the shareholders voting rights, protect a minority shareholder`s interests and provide how a company is going to be run.
Strike-off procedure – A Cyprus Company may be struck off the Register either by a request of the directors or shareholders or involuntarily by the Registrar of Companies.