Initial and relevant obligations of an SE
Memorandum & Articles of Association
The memorandum of association is the document on the basis of which an SE is incorporated and sets out the objects and confirms the commitment of its members to its incorporation.
The SE memorandum of association includes the following details:
- its name;
- its objectives;
- declaration that the liability of company members is limited;
- the amount of share capital with which the SE intends to register and its division in shares; the persons who set up the SE, their signature and the number of shares they receive stated opposite their names. The memorandum of association is also signed by a witness who confirms the signature of the persons who set up the company and by the lawyer who prepared the memorandum of association.
The articles of association is the document that sets outs the regulations for the SE operation. The said documents secures the smooth functioning of the business setting out, amongst others, the means for decisions-making as well as relevant provisions regarding the share capital.
An SE may adopt part of the regulations contained in Table A of the First Schedule of the Companies Law as its articles of association provided that they do not contravene the regulatory framework for SE company.
In case where the memorandum and articles of association of an SE are in a language other than Greek, you must open a translations file for the SE, by producing a certified translation, providing at the same time a certified translation of the aforementioned documents in the foreign language either by an affidavit or by sworn translator of the Republic of Cyprus.
The memorandum and articles of association are submitted to the Registrar of Companies at the same time as the submission of the application for the incorporation of an SE company. Following the SE incorporation, any amendments regarding the memorandum and articles of association are notified to the Registrar of Companies. For further information, visit the page Amending Memorandum & Articles of Association.
