Useful Information
Rename of the Department into Registrar of Companies and Intellectual Property (DRCIP)
On the 12/10/2021 the Department of Registrar of Companies and Intellectual Property Law of 2021 (N133(I)/2021) was published in the Official Gazette of the Republic of Cyprus, on the basis of which the Department of Registrar of Companies and Official Receiver (DRCOR) is renamed the Department of Registrar of Companies and Intellectual Property (DRCIP), and the Intellectual and Industrial Property Section is renamed, Intellectual Property Section.
The change in the Department’s name was deemed necessary, given the establishment of the Department of Insolvency in 2020 (N68(I)/2020) and the transfer of all competencies, powers and duties of the Official Receiver to the Insolvency Department, but also because of the need for the Department’s name to reflect the entire range of competencies, powers and duties as implemented by the Companies and the Intellectual Property Sections.
It is noted that on the basis of the provisions of section 7(1) of the Law, any reference to, among other things, the Department of Registrar of Companies and Official Receiver in any law, regulation, scheme of service and/or public document which does not relate to the competencies of the Department of Insolvency, should be read as reference to the Department of Registrar of Companies and Intellectual Property.
