Second Company Law Directive | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-18

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Second_Company_Law_Directive


00:00:51 1 Contents
00:04:38 2 Court of Justice decisions
00:06:02 3 See also



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SUMMARY
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The Second Company Law Directive 2012/30/EU (sometimes also called the "Capital Directive") is a European Union Directive concerning the capital requirements of public companies that operating within the European Union. A number of its provisions have become increasingly controversial since its enactment in 1976, as many rules for the maintenance and alteration of capital have been abandoned within EU member states, particularly regarding the use of minimum capital (currently set at €25,000), and the accounting concept of nominal share value. Nevertheless, a large number of its rules are still seen as essential for the protection of creditors, to attempt to forestall insolvency.