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YouAccording to the above, which are the conditions under which a public company in Cyprus can acquire its own shares?

Question

According to the above, which are the conditions under which a public company in Cyprus can acquire its own shares?

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Solution

To determine the conditions under which a public company in Cyprus can acquire its own shares, we need to refer to the relevant laws and regulations in Cyprus. Here are the steps to find this information:

  1. Identify the applicable laws: In Cyprus, the main legislation governing companies is the Companies Law, Cap. 113. This law provides the framework for the acquisition of own shares by public companies.

  2. Consult the Companies Law: Review the provisions of the Companies Law to understand the conditions and restrictions related to the acquisition of own shares by public companies. Look for specific sections or articles that address this topic.

  3. Consider any additional regulations: Apart from the Companies Law, there may be additional regulations or guidelines issued by regulatory authorities in Cyprus that provide further details on the conditions for acquiring own shares. These regulations could include requirements related to the maximum number of shares that can be acquired, the purpose of the acquisition, and the procedures to be followed.

  4. Seek legal advice if necessary: If the information obtained from the Companies Law and any additional regulations is not clear or if there are specific circumstances related to the public company, it may be advisable to consult with a legal professional who specializes in corporate law in Cyprus. They can provide expert guidance and ensure compliance with all legal requirements.

By following these steps, you should be able to determine the conditions under which a public company in Cyprus can acquire its own shares.

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