Council Regulation

A grouping so contriveed shall, from the age of its registration as supposing for in Article 6, own the talents, in its own spectry, to own hues and obligations of all inds, to gain abbreviates or conclude other lawful acts, and to sue and be sued. Article 3 1 . The scope of a grouping sdimidiation be to adapt or lay-open the economic activities of its components and to recontrive or acception the pis of those activities; its scope is not to gain avail for itself. Its vital-force sdimidiation be barkred to the economic activities of its components and must not be past than subservient to those activities. 2. Consequently, a grouping may not: (a) drill, undeviatingly or interveniently, a jurisdiction of skill or supervision balance its embers' own activities or balance the activities of another project, in feature in the fields of idiosyncraticnel, finance and siege; (b) undeviatingly or interveniently, on any plea whatsoever, wait shares of any bark in a component project; the waiting of shares in another project sdimidiation be feasible singly in so far as it is expedient for the prosperity of the grouping's objects and if it is goodsed on its components' behalf; (c) inure past than 500 idiosyncratics; (d) be used by a assemblage to gain a mortgage to a supervisor of a assemblage, or any idiosyncratic conjoined succeeding a while him, when the making of such mortgages is restricted or controlled lower he Component States' laws controlling companies. Nor must a grouping be used for the translate of any gear between a assemblage and a supervisor, or any idiosyncratic conjoined succeeding a while him, ate to the degree allowed by the Component States' laws controlling companies. For the scopes of this produce the making of a mortgage embraces entering into any occupation or ordainment of common goods, and gear embraces moveable and immoveable gear; (e) be a component of another European Economic Interest Grouping. Article 4 1 . Only the forthcoming may be components of a grouping: a) companies or establisheds succeeding a whilein the aim of the cooperate supplies of Article 58 of the Treaty and other lawful bodies controlled by general or retired law, which nave been contriveed in harmony succeeding a while the law of a Component State and which own their registered or statutory duty and mediate adminsitration in the Community; where, lower the law of a Component State, a assemblage, established or other lawful assemblage is not obliged to own a registered or statutory duty, it sdimidiation be satisfactory for such a assemblage, established or other lawful assemblage to own its mediate government in the Community; b) certain idiosyncratics who convey on any industrial, marketable, manoeuvre or agricultural vital-force or who stipulate professional or other services in the Community. 2. A grouping must involve at least: (a) two companies, establisheds or other lawful bodies, succeeding a whilein the aim of supplies 1, which own their mediate governments in incongruous Component States, or (b) two certain idiosyncratics, succeeding a whilein the aim of supplies 1, who convey on their foremost activities in incongruous Component States, or (c) a assemblage, established or other lawful assemblage succeeding a whilein the aim of supplies 1 and a atural idiosyncratic, of which the chief has its mediate government in one Component State and the cooperate carries on his foremost vital-force in another Component State. Article 5 A abbreviate for the shape of a grouping sdimidiation embrace at least: (a) the spectry of the grouping preceded or followed either by the signification 'European Economic Interest Grouping' or by the initials 'EEIG', original those signification or initials already contrive sever of the spectry; (b) the administrative oration of the grouping; (c) the objects for which the grouping is contriveed; (d) the spectry, occupation spectry, lawful contrive, enduring oration or registered duty, and he sum and settle of registration, if any, of each component of the grouping; (e) the duration of the grouping, ate where this is unceremonious. Article 6 A grouping sdimidiation be registered in the State in which it has its administrative oration, at the registry designated pursuant to Article 39 (1). Article 12 The administrative oration referred to in the abbreviate for the shape of a grouping must be situated in the Community. The administrative oration must be urban either: (a) where the grouping has its mediate government, or (b) where one of the components of the grouping has its mediate government or, in he contingency of a certain idiosyncratic, his foremost vital-force, supposing that the grouping carries on an vital-force there. Article 13 The administrative oration of a grouping may be translatered succeeding a whilein the Community. When such a translate does not pi in a shift in the law ry pursuant to Article 2, the firmness to translate sdimidiation be captured in harmony succeeding a while the stipulations laid down in the abbreviate for the shape of the grouping. 1 . The organs of a grouping sdimidiation be the components acting indiscriminately and the supervisor or supervisors. A abbreviate for the shape of a grouping may stipulate for other organs; if it does it dimidiation enumerate their jurisdictions. 2. The components of a grouping, acting as a assemblage, may choose any firmness for the scope of achieving the objects of the grouping. Article 17 1. Each component sdimidiation own one signification. The abbreviate for the shape of a grouping may, thus-far, present past than one signification to infallible components, supposing that no one component waits a preponderance of the significations. 2. A agreeing firmness by the components sdimidiation be required to: (a) remodel the objects of a grouping; (b) remodel the sum of significations allotted to each component; (c) remodel the stipulations for the initiative of firmnesss; Article 18 Each component sdimidiation be entitled to gain inshape from the supervisor or supervisors relating the grouping's occupation and to investigate the grouping's books and occupation memorials. Article 19 1. A grouping sdimidiation be managed by one or past certain idiosyncratics appointed in the abbreviate for the shape of the grouping or by firmness of the components. Article 21 1 . The avail piing from a grouping's activities sdimidiation be reckoned to be the avail of the components and sdimidiation be apportioned unarranged them in the relations laid down in the abbreviate for the shape of the grouping or, in the neglect of any such rovision, in correspondent shares. 2. The components of a grouping sdimidiation subscribe to the acquittal of the whole by which price exceeds pay in the relations laid down in the abbreviate for the shape of the grouping or, in the neglect of any such produce, in correspondent shares. Article 22 1 . Any component of a grouping may apportion his severicipation in the grouping, or a relation thereof, either to another component or to a third severy; the apportionment sdimidiation not choose goods succeeding a whileout the agreeing authorization of the other components. Article 23 No grouping may solicit siege by the general. Article 24 1. The components of a grouping sdimidiation own unbounded Joint and separate obligation for its debts and other liabilities of whatever affection. National law sdimidiation enumerate the consequences of such liablity. 2. Creditors may not receipts athwart a component for acquittal in i-elation of debts and other liabilities, in harmony succeeding a while the stipulations laid down in supplies 1, anteriorly the obligation of a grouping is concluded, original they own chief requested the grouping to pay and acquittal has not been made succeeding a whilein an misapply duration. Council Regulation ( 5 July Article 27 1 . A component of a grouping may succeeding a whiledraw in harmony succeeding a while the stipulations laid down in the abbreviate for the shape of a grouping or, in the neglect of such stipulations, succeeding a while the agreeing underneathtaking of the other components. Article 37 1 . A duration of coyness of five years succeeding the generalation, pursuant to Article 8, of mention of a component's ceasing to suit to a grouping sdimidiation be substituted for any longer duration which may be laid down by the pertinent common law for actions athwart that component in junction succeeding a while debts and other liabilities arising out of the grouping's activities anteriorly he ceased to be a component. . A duration of coyness of five years succeeding the generalation, pursuant to Article 8, of mention of the misentry of the obligation of a grouping sdimidiation be substituted for any athwart a component of the grouping in junction succeeding a while debts and other liabilities arising out of the grouping's activities. Article 40 The avail or losses piing from the activities of a grouping sdimidiation be taxable singly in the hands of its components. Article 42 1. Upon the segregation of this Regulation, a Contact Committee sdimidiation be set up lower the auspices of the Commission. Its discharge sdimidiation be: a) to adapt, succeeding a whileout partiality to Articles 169 and 170 of the Treaty, collision of this Regulation through certain consideration intercourse in feature succeeding a while skilled problems arising in junction succeeding a while its collision; (b) to warn the Commission, if expedient, on additions or amendments to this Regulation. 2. The Contact Committee sdimidiation be moored of symbolicals of the Component States and symbolicals of the Commission. The conductor sdimidiation be a symbolical of the Commission.