| 1.
General Information About the Association |
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1.1 |
The name of the Association
is: Cyprus Association of Pharmaceutical Companies (hereinafter
referred to as “The Association”). |
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1.2 |
The Headquarters of the
Association is situated in the Nicosia offices of the Cyprus Chamber
of Commerce and Industry. |
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| 2. Main
Objectives of the Association |
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2.1 |
To organise and constitute in
one body all the Importers of Pharmaceutical Products, for the
promotion of their common interests. |
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2.2 |
To protect the professional
interests of the members. |
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2.3 |
To develop and nurture a
spirit of solidarity and cooperation amongst the
members. |
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2.4 |
To govern relations between
members and settle differences between them by collective
negotiations or agreements or by any other legal means. |
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2.5 |
To support members in
establishing contact with various Organisations abroad for importing
or exporting products relevant to the profession. |
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2.6 |
To carry out business with
any Government, Municipal, Communal or other Authority or
Organisation or with any Company or person which would, under the
circumstances, be judged necessary or useful for the realisation of
the aims of the Association. |
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| 3.
Members |
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3.1 |
Legal entities or physical
persons involved in importing and trading pharmaceutical products
are entitled to be registered as members of the
Association. |
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3.2 |
The registration of a member
must be approved by the Board of Directors. |
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3.3 |
In the event of a rejection
of a membership application, the applicant concerned may present the
matter before the Annual General Meeting of the Association, which
will decide to what extent the applicant concerned may become a
member. |
| Members not present at the
Annual General Meeting but represented by proxy are not entitled to
vote on the matter above. |
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3.4 |
The number of members is
unlimited. |
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3.5 |
Any member who terminates
their trading operations should be deleted from the list, after a
written notice by the Secretary. |
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| 4.
Contributions |
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4.1 |
The yearly contribution and
registration fee are annually fixed by the Board of
Directors. |
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4.2 |
The settlement of members’
contributions should take place by 31st March of each year. In
the event of a member not settling his contribution by 31st May, a
written note shall be sent to him urging him to settle it by 31st
June, otherwise he shall be removed from the list. |
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4.3 |
A member who is removed from
the list for any reason, including the provisions of article 4.2,
should: |
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a. |
submit a new application for
registration, and |
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b. |
be called upon to pay a registration
fee as well as the previous contributions due to the
Association. |
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| 5. Board
of Directors |
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5.1 |
The Board of Directors is
composed of nine members. |
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5.2 |
The Board of Directors serves
on a two-year mandate. |
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5.3 |
The Board of Directors is
elected amongst the Association members during its Annual General
Meeting. |
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5.4 |
The Board of Directors elects
a Chairman and a Vice-Chairman and a third Member who shall be
acting as Honourary Treasurer. |
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5.5 |
If a member of the Board is
absent from five consecutive meetings of the Board of Directors
without providing any justified reasons, it shall be considered that
he no longer is a member of the Board of Directors, and his position
shall be filled further to a decision taken by the remaining members
of the Board. |
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5.6 |
The Board of Directors’
decisions shall be taken by majority. |
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5.7 |
In the event of an equality
of votes, the Chairman shall have the second or casting
vote. |
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5.8 |
Five members of the Board of
Directors present shall form a quorum. |
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| 6.
Proceedings at General Meetings |
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6.1 |
General Meetings shall be
convened further to a decision by the Board of Directors, or if
requested by 25% of the members of the Association and ten day’s
notice is served to the members before the General
Meeting. |
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6.2 |
No proceedings shall be
allowed to take place at any General Meeting unless a quorum of
members is present at the time when the meeting starts. Except
as otherwise provided in the present regulations, 50% plus one
member present shall form a quorum. |
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6.3 |
If within half an hour from
the time appointed for the meeting a quorum is not present, the
meeting, if convened upon the requisition of members, shall be
dissolved. In any other case it shall stand adjourned for
fifteen minutes and then the members present shall be a
quorum. |
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6.4 |
The Chairman and in his
absence the Vice-Chairman shall preside as Chairman at every General
Meeting, or in the absence of a Chairman or a Vice-Chairman if they
are not present within fifteen minutes from the time appointed for
the holding of the meeting, or if they do not wish to preside over
the meeting, the members present have to elect one of the present
members to be Chairman of the meeting. |
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6.5 |
At any General Meeting,
resolutions put to the vote of the meeting shall be approved by
absolute majority, and voting shall be conducted by lifting their
hands, or by secret vote if this is demanded by: |
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a. |
the Chairman of the Meeting,
or |
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b. |
by at least two members present in
person |
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6.6 |
Each member of the
Association shall be entitled to a single vote, provided that he has
already paid all sums which may be immediately due by him to the
Association. |
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6.7 |
Each member is entitled to be
represented at the General Meetings by proxy. |
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6.8 |
No member is allowed to have
more than one proxy. |
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| 7.
Omissions and Amendments of the Statutes |
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7.1 |
The omissions of the present
Statutes are complemented by the provisions of the Statutes of the
Cyprus Chamber of Commerce and Industry. |
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7.2 |
The present articles of the
Statutes are amended during Constitutional Meetings further to a
decision by the members present taken by absolute
majority. |
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7.3 |
In cases of voting for
amending the Statutes, proxy votes are not
valid. |
