Judgment of the Court (Seventh Chamber) of 8 March 2007.#Commission of the European Communities v Italian Republic.#Failure of a Member State to fulfil its obligations - Directive 2003/51/EC - Company law - Annual accounts of certain types of companies - Failure to transpose within the prescribed period.#Case C-160/06.

Subject of the case

Re:

Failure of a Member State to fulfil its obligations – Failure to adopt, within the prescribed period, all the provisions necessary to comply with Directive 2003/51/EC of the European Parliament and of the Council of 18 June 2003 amending Directives 78/660/EEC, 83/349/EEC, 86/635/EEC and 91/674/EEC on the annual and consolidated accounts of certain types of companies, banks and other financial institutions and insurance undertakings (OJ 2003 L 178, p. 16).

Operative part

Operative part:

1. By failing to adopt the laws, regulations and administrative provisions necessary to comply with Directive 2003/51/EC of the European Parliament and of the Council of 18 June 2003 amending Directives 78/660/EEC, 83/349/EEC, 86/635/EEC and 91/674/EEC on the annual and consolidated accounts of certain types of companies, banks and other financial institutions and insurance undertakings, the Italian Republic has failed to fulfil its obligations under that directive.

2. The Italian Republic is ordered to pay the costs.