Merger of Limassol Co-operative Savings Bank LTD with Ayia Fyla Co-Operative Credit Society

CO-OPERATIVE SOCIETIES LAW OF 1985-2011

CANCELLATION ORDER OF REGISTRATION OF SOCIETY

IN ACCORDANCE WITH ARTICLE 49 D(3)

 
Because the members of Ayia Fyla Co-operative Credit Society have decided at the Special General Meeting the merger of the Ayia Fyla Co-operative Credit Society with the Limassol Co-operative Savings Bank Ltd and the transfer of  its assets and liabilities as a whole, and

Because the members of the Limassol Co-operative Savings Bank Ltd have decided at the special general meeting  their merger with the abovementioned Credit Society and the acceptance of the transfer of its assets and liabilities as a whole, and

Because the written agreement regarding the merger of the abovementioned parties was registered on 14/01/2012 by the Authority for the Supervision and Development of Co-operative Societies, and

Because the Co-operative Savings Bank Ltd, as absorbing company, in accordance with the written agreement it succeeds the abovementioned credit society from 14/01/2012, as absorbed company, to all of its rights and obligations and all of its actions, contracts and other documents remain valid,

The Authority for the Supervision and Development of Co-operative Societies, by virtue of the powers conferred upon him by article 49D(3) of the abovementioned Law, orders the cancellation of the registration  of the Ayia Fyla Co-operative Credit Society and its dissolution on 14 January 2012.

14 January 2012

Constantinos Liras

Commissioner of Co-operative Societies’ Supervision and Development Authority