The European Commission has welcomed the Council's definitive adoption of modifications to the First Company Law Directive (68/151/EEC). These will make company information more easily and rapidly available to the public while at the same time simplifying the disclosure formalities required from companies. The modifications will allow full advantage to be taken of modern technology. Companies will be able to file their documents and particulars either by paper means or by electronic means. Interested parties will be able to obtain copies by either means. Companies will continue to file their documents and particulars in the language(s) of their Member State but will have the option of voluntarily filing the same information in other EU languages, in order to improve cross-border access. The Commission proposed modifying the Directive in June 2002 (see
SMN 30) and the proposal has now been adopted with just one reading by the Council and the European Parliament. The full text of the Directive is available on the Internet.
DG Internal Market - Unit G-3
Tel.: +32 (0)2 295 45 65
Fax.: +32 (0)2 299 85 34