Law and Regulation of Community Interest Companies

Description

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. 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