GAZETTE
SEP
T
EM
BER 1976
Committee considered this Directive mainly from the point of view of Companies it should certainly be
noted by members of the Profession that, in its present draft form, it is likely to cover any mergers or
amalgamations of whatever kind including those of firms of solicitors. Comments on this draft directive
were given on behalf of the Committee to the Departments of Labour and Industry and Commerce.
DIRECTIVES, REGULATIONS AND CONVENTIONS BEING EXAMINED BY THE COMPANY LAW COMMITTEE
INDEX TO NUMBERED HEADINGS
1. Descripcion and Rome Treaty Basis
8. Council Working Party.
2. Study for Commission
9. COREPER (Committee of Permanent Representatives)
3. Commission for Working Party of Experts
10. Council of Ministers' Sanction
4. Publication of Draft by Commission for
II. Implementation of Directives or Conventions in force in Ireland
submission to the Council.
12. Notes
5. Opinion of Economic and Social Committee
13. Law Society Committee comments
6. Opinion of European Parliament
7. Latest Draft
I
2
3
4
5
6
7
8
9
10
II
12
13
DIRECTIVES
Ist Directive 68/151
Ultra Vires, pre-incorporation
contracts and publicity require-
ments
1964
1966
1968
S.I. No.
163 of
1973
Memo to
Oireactas
Commit-
tee in 1974
2nd Draft Directive
Formation of companies,
maintenance, increase and
reduction of capital
1970
1971
1971
1975
1976
1975
Memo
sent to
Dept. of
1 & Co.
3rd Draft Directive on Internal
Mergers
Article 58(2)
1970
1971
1975
March
1974
2nd Read-
ing 1976
Memo
sent to
Dept. of
1 & Co.
1976
4th Dratt Directive
Annual Accounts
1971
1973
1972
1974
3rd Read
ing 1976
5th Draft Directive Structure of
Companies and obligations of
their organs Article 54(9)
1972
1974
1976
6th Draft Directive
Content, supervision and distribu-
tion of prospectuses
1972
1974
1974
First Reading
in Council
Draft Directive on Groups
of Companies
Article 54
1974
Working Paper
Dr. Hans
Wurdinger
1976
Second reading
Completed
Formal Proposal
expected in 1977
from Com-
mission
Draft Directive on
Takeover Bids
Article 58
Report of
Professor
Pennington
1974
1976
1976
First Reading
Completed'
Formal Proposal
expected from
Commission in
in 1977
Draft Directive on Co-ordination
of Unit Trust legislation
1976
European Parlia-
ment in 1976
Draft Directive on
Group Accounts
Council's second
reading in 1976
Draft Directive on the Rights of
Employees in the case of Mergers
Takeovers and amalgamations
June
1974
April
1975
Draft Directive on Commercial
Agents
Draft Directive
circulated by
Commission
1974
It is understood
that the Com-
mission is now
consulting with
individual
Member States
Memo
sent to
Dept. of
1 & C.
1974
Avant project on harmonisation
of listing requirements
December 1974
Draft Directive
at end of 1976
REGULATIONS
Draft Regulations for a European
Company Statute
Article 35
1970
1972
1974
Council Work-
ing Groups to
start from
October 1976
Memo
sent to
Dept. of
1 ft C.
1976
Draft Regulation for a European
Co-operation Grouping
Article 235
J973
Con-
sidering
the
draft
Parliament
Draft Regulation on the
Control of Concentrations
1973
1974
1974
Discussion in
Council
CONVENTIONS
Draft Convention on
International Mergers
Article 220
Goldman
Working
Paper
Meeting still
in progress
1973
Draft Convention on Bankruptcy
and Winding-up Insolvent
companies
Meeting still
in progress
Convention on the Mutual
Recognition of Companies
Ratified by ell
the original six
except the
Netherlands. N<
immediate like-
lihood of Ireleni
adopting it.
171