Law and Regulation of Community Interest Companies

✍ Scribed by Richard C Bishop

• Publisher: Bloomsbury Professional
• Year: 2022
• Tongue: English
• Leaves: 433
• Category: Library

✦ Synopsis

This new title provides a full analysis of the legislative and regulatory background of community interest companies and is a guide to all six CIC precedents:
The precedents are fully annotated to provide guidance on each article, together with bespoke clauses that may be included for specific events.It also uses case examples to demonstrate:
Armed with this text any solicitor, barrister or accountant will have the tools to confidently advise clients on the legislative and regulatory background of CICs. This text would also suit community bodies or individuals who wish to set up a social enterprise using the CIC structure, in particular, sports clubs or voluntary groups.

✦ Table of Contents

Downloadable Precedents
Contents
Table of Statutes
Table of Statutory Instruments
Table of Cases
Chapter 1: Introduction to Community Interest Companies
Overview
The role of CICs
Excluded companies
CIC names
CIC versus charity structure
Registered societies
Taxation of CICs
Legal structure
Constitution overview
Key points
Chapter 2: Legal Backgroundof Community Interest Companies
The CIC Regulations
Three Amendment Regulations
Chapter 3: Regulation of Community Interest Companies
Legislative background
Companies (Audit, Investigations and Community Enterprise) Act 2004
The Regulator's approach
Supervision by the Regulator
Investigations
Appeals
Corporate governance
Regulations
Chapter 4: Overview of Community Interest Companies
Legal company structures
Unincorporated forms, sole traders and partnerships
Process of incorporation
Forming a CIC
Company becoming a CIC
Conversion to a CIC
CIC becoming a charity
Financing
Loan capital and debentures
Chapter 5: Reporting
Introduction
Directors' remuneration
Winding up
Insolvency Act 1986
Transfer of assets
Chapter 6A: Articles of Association
Introduction
Asset-lock provisions
Alteration of objects
The Regulator's decision
Chapter 6B: Model Articles for Private Companies Limited by Shares
Introduction
Model Articles for Private Companies Limited by Shares
Chapter 6C: Articles ofAssociation for Not forProfit Companies
General comments
Key changes
Drafting assumptions
Boiler plate clauses
Model Articles for Private Companies Limitedby Guarantee
Chapter 7: Asset Lock
Introduction
Declaration of dividends
PRECEDENTS
Chapter 8.0: Community Interest Company Limited by Guarantee (CIC Limited by Guarantee, Schedule 1, Small Membership)
Chapter 8.1: Community Interest Company Limited by Guarantee (CIC Limited by Guarantee, Schedule 1, Large Membership)
Chapter 8.2: Community Interest Company Limited by Shares (CIC Limited by Shares, Schedule 2, Small Membership)
Chapter 8.3: Community Interest Company Limited by Shares (CIC Limited by Shares, Schedule 2, Large Membership)
Chapter 8.4: Community Interest Company Limited by Shares (CIC Limited by Shares, Schedule 3, Small Membership)
Chapter 8.5: Community Interest Company Limited by Shares (CIC
Index