Keywords

Summary



Keywords

1. Freedom of movement for persons — Freedom of establishment — Companies — Directive 68/151 — Annual accounts — Penalties to be provided for in the event of failure to disclose — Concept of ‘failure to disclose’ — Disclosure of accounts that do not comply with Fourth Directive 78/660 — Included — Disclosure of accounts that do not comply with Seventh Directive 83/349 — Excluded

(Council Directive 68/151, Art. 6, Council Directives 78/660 and 83/349)

2. Community law — Principles — Principle of retroactive application of a more lenient penalty — Principle featuring among the general principles of Community law — Compliance by national courts when applying national legislation implementing Community law

3. Freedom of movement for persons — Freedom of establishment — Companies — Directive 68/151 — Annual accounts — Penalties to be provided for in the event of failure to disclose — Capacity of the directive to be relied upon against accused persons in the context of criminal proceedings — Limits

(Council Directive 68/151, Art. 6)

Summary

1. The system of penalties, in the event of failure to disclose annual accounts, provided for under Article 6 of First Directive 68/151 on coordination of safeguards which, for the protection of the interests of members and others, are required by Member States of companies within the meaning of the second paragraph of Article 58 of the Treaty, must be understood as covering not only the case of the absence of any disclosure but also the case of the disclosure of annual accounts which have not been drawn up in accordance with the rules prescribed by Fourth Directive 78/660 based on Article 54(3)(g) of the Treaty on the annual accounts of certain types of companies in regard to the content of such accounts.

Article 6 of the First Directive cannot, by contrast, be treated as applying in the case of non-compliance with the obligations relating to consolidated accounts, as set out by Seventh Directive 83/349 on consolidated accounts, to which the First Directive makes no reference whatsoever.

(see paras 56, 60)

2. The principle of the retroactive application of the more lenient penalty forms part of the general principles of Community law which national courts must respect when applying the national legislation adopted for the purpose of implementing Community law.

(see para. 69)

3. The requirement that penalties, in the event of failure to disclose annual accounts, be appropriate, imposed by Article 6 of First Directive 68/151 on coordination of safeguards which, for the protection of the interests of members and others, are required by Member States of companies within the meaning of the second paragraph of Article 58 of the Treaty, with a view to making such safeguards equivalent throughout the Community, cannot be relied on as such against accused persons by the authorities of a Member State within the context of criminal proceedings for the purpose of assessing whether criminal provisions that are more favourable to accused persons and entered into force after the offences in question had been committed are compatible with that provision in the case where their incompatibility could have the effect of setting aside application of the system of more lenient penalties provided for by those provisions. A directive cannot, of itself and independently of national legislation adopted by a Member State for its implementation, have the effect of determining or increasing the criminal liability of those accused persons.

(see paras 75, 78, operative part)