[ParlTrack]

Proposal for a directive
Recital 3

(3) Establishing single-member limited liability companies as subsidiaries in other Member States entails substantial costs due to the diverse legal and administrative requirements which must be met in the Member States concerned. Such divergent requirements continue to exist among Member States and make it difficult for EU businesses to set up a base in another Member State.

2015/05/18
Committee: EMPL

Aldo PATRICIELLO

Proposal for a directive
Recital 4

(4) The Commission Communication entitled ‘"Integrated Industrial Policy for the Globalisation Era - Putting Competitiveness and Sustainability at Centre Stage~~’16~~" encourages the creation, growth and internationalisation of small and medium-sized enterprises (SMEs). This is extremely important for the Union economy as SMEs account for two-thirds of employment in the Union and offer significant potential for growth and for the creation of jobs. __________________ 16 COM(2010) 614 final, 28.10.2010. COM(2010) 614 final, 28.10.2010.

2015/05/18
Committee: EMPL

Aldo PATRICIELLO

Proposal for a directive
Recital 17

(17) Each Member State ~~should~~may designate a competent electronic registration point. To support the designated bodies in exchanging information about the identity of the founder, Member States may use the means provided for under Regulation (EU) No 1024/2012 of the European Parliament and of the Council22. __________________ 22 Regulation (EU) No 1024/2012 of the European Parliament and of the Council of 25 October 2012 on administrative cooperation through the Internal Market Information System and repealing Commission Decision 2008/49/EC ('the IMI Regulation') (OJ L 316, 14.11.2012, p. 1).

2015/05/18
Committee: EMPL

Aldo PATRICIELLO

Proposal for a directive
Recital 18

(18) Provisions concerning the establishment of single-member private limited companies ~~should~~must not affect the right of Member States to maintain existing rules concerning the verification of the registration process, provided that the whole registration procedure may be completed electronically and at a distance.

2015/05/18
Committee: EMPL

Aldo PATRICIELLO

Proposal for a directive
Article 1 – paragraph 2 – subparagraph 1

~~Member States shall inform the Commission within two months of any changes to the types of private limited companies provided for in their national law affecting the contents of Annex I.~~(Does not affect English version.)

2015/05/18
Committee: EMPL

Aldo PATRICIELLO

Proposal for a directive
Article 5 – paragraph 2

~~2. Member States may decide not to apply paragraph 1 to contracts concluded under market conditions in the ordinary course of business which are not detrimental to the single-member company.~~(Does not affect English version.)

2015/05/18
Committee: EMPL

Aldo PATRICIELLO

Proposal for a directive
Article 6 – paragraph 1

1. Member States shall provide for the possibility of registering private single- member limited liability companies in accordance with the rules and procedures set out in this Part. Such companies shall be referred to as SUPs.(Does not affect English version.)

2015/05/18
Committee: EMPL

Aldo PATRICIELLO

Proposal for a directive
Article 14 – paragraph 5 – subparagraph 1

Member States may lay down rules for verifying the identity of the founding member, and any other person making the registration on the member's behalf, and the acceptability of the documents and other information submitted to the registration body. Any identification issued in another Member State by the authorities of that State or on their behalf, including identification issued electronically, shall be recognised and accepted for the purposes of the verification by the Member State of registrat(Does not affect English version.)

2015/05/18
Committee: EMPL

Aldo PATRICIELLO

Proposal for a directive
Article 16 – paragraph 4

4. Member States shall ensure that the SUP is not subject to rules requiring the company to build up legal reserves. Member States shall allow companies to build reserves in accordance with their articles of associat(Does not affect English version.)

2015/05/18
Committee: EMPL

Aldo PATRICIELLO

Proposal for a directive
Article 16 – paragraph 5

5. Member States shall require letter and order forms whether in paper form or in any other medium, to state the capital subscribed and paid up. If the company has a website, that information sh~~all~~ould also be made available on it.

2015/05/18
Committee: EMPL

Aldo PATRICIELLO

Proposal for a directive
Article 21 – paragraph 3

3. The single-member shall be allowed to take decisions without calling a general meeting. No formal restrictions shall be imposed by Member States on the power of the single member to take decisions, including as regards the place and the time at which such decisions may be taken.(Does not affect English version.)

2015/05/18
Committee: EMPL

Aldo PATRICIELLO

Proposal for a directive
Article 25 – paragraph 1

1. Member States shall ensure that their national law ~~requires SUPs to be~~provides for SUPs being dissolved or transformed into another form of company if SUPs cease to comply with the requirements laid down in this Directive. If an SUP fails to take appropriate steps to convert into another company law form, the competent authority shall be granted the powers necessary to dissolve the SUP.

2015/05/18
Committee: EMPL

12 Amendments of Aldo PATRICIELLO related to 2014/0120(COD)

ParlTrack - 2011-2024