|
Draft Companies (Mergers and Divisions of Public Companies) (Amendment) Regulations 2008 have been published on the BERR website and are available from http://www.berr.gov.uk/files/file42743.pdf
These regulations will implement Directive 2007/63/EC which removes the obligation for an independent expert’s report to be compiled on the terms of a merger or division of a public limited liability company if all shareholders agree.
The draft regulations also include provisions to bring the prohibition on companies holding their own shares in the case of Mergers (Article 19(2) of Directive 78/855/EEC) and Divisions (Article 17(2) of Directive 82/891/EEC (Divisions) in line with Cross Border Merger Regulations.
Comments should be sent by 28 February 2008, preferably by email, to:
Julie Ford
Corporate Law and Governance Directorate
Department of Trade and Industry
1 Victoria Street
London
SW1H 0ET
Email:
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Tel: 020 7215 2162
Fax: 0207 215 0235
 Add as favourites (232) |  Quote this on your site | Views: 10965
Only registered users can write comments.
Please login or register. Powered by AkoComment Tweaked Special Edition v.1.4.6
AkoComment © Copyright 2004 by Arthur Konze - www.mamboportal.com
All right reserved |
Comment first