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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