# Council Regulation (EC) No 1435/2003 of 22 July 2003 on the Statute for a European Cooperative Society (SCE) (revoked) EU Regulation No 1435/2003 ยท adopted 22 July 2003 Council Regulation (EC) No 1435/2003 of 22 July 2003 on the Statute for a European Cooperative Society (SCE) ## Introductory text Council Regulation (EC) No 1435/2003 of 22 July 2003 on the Statute for a European Cooperative Society (SCE) (revoked) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter I: GENERAL PROVISIONS ## 1 Form of the SCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Formation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Minimum capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Capital of the SCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Statutes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Registered office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Transfer of registered office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Law applicable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Principle of non-discrimination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Particulars to be stated in the documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Registration and disclosure requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Publication of documents in the Member States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Notice in the Official Journal of the European Union . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Acquisition of membership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Loss of membership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Financial entitlements of members in the event of resignation or expulsion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter II: FORMATION ### Section 1: General ## 17 Law applicable during formation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Acquisition of legal personality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Section 2: Formation by merger ## 19 Procedures for formation by merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Law applicable in the case of merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Grounds for opposition to a merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 Conditions of merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Explanation and justification of the terms of merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 Publication . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Disclosure requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 Report of independent experts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Approval of the terms of merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Laws applicable to formation by merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Scrutiny of merger procedure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 Scrutiny of legality of merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 Registration of merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 Publication . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 Consequences of merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 Legality of the merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Section 3: Conversion of an existing cooperative into an SCE ## 35 Procedures for formation by conversion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter III: STRUCTURE OF THE SCE ## 36 Structure of organs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Section 1: Two-tier system ## 37 Functions of the management organ; appointment of members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 38 Chairmanship and the calling of meetings of the management organ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 Functions of the supervisory organ; appointment of members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 Right to information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 41 Chairmanship and the calling of meetings of the supervisory organ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Section 2: The one-tier system ## 42 Functions of the administrative organ; appointment of members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43 Intervals between meetings and the right to information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 44 Chairmanship and the calling of meetings of the administrative organ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Section 3: Rules common to the one-tier and two-tier systems ## 45 Term of office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 46 Conditions of membership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 Power of representation and liability of the SCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 48 Operations requiring authorisation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 49 Confidentiality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 50 Conduct of the business of organs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 51 Civil liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Section 4: General meeting ## 52 Competence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 53 Conduct of general meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 54 Holding of general meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 55 Meeting called by a minority of members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 56 Notice of meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 57 Additions to the agenda . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 58 Attendance and proxies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 59 Voting rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 60 Right to information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 61 Decisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 62 Minutes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 63 Sectorial or section meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter IV: ISSUE OF SHARES CONFERRING SPECIAL ADVANTAGE ## 64 Securities other than shares and debentures conferring special advantages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter V: ALLOCATION OF PROFITS ## 65 Legal reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 66 Dividend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 67 Allocation of available surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter VI: ANNUAL ACCOUNTS AND CONSOLIDATED ACCOUNTS ## 68 Preparation of annual accounts and consolidated accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 69 Accounts of SCEs with credit or financial activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 70 Auditing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 71 System of auditing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter VII: WINDING UP; LIQUIDATION; INSOLVENCY AND CESSATION OF PAYMENTS ## 72 Winding-up, insolvency and similar procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 73 Winding-up by the court or other competent authority of the Member State where the SCE has its registered office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 74 Publication of winding-up . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 75 Distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 76 Conversion into a cooperative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter VIII: ADDITIONAL AND TRANSITIONAL PROVISIONS ## 77 Economic and monetary union . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter IX: FINAL PROVISIONS ## 78 National implementing rules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 79 Review of the Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 80 Entry into force . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/eur/2003/1435 (the official version) Page: https://openlegislation.uk/eu-regulation-2003-1435 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.