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PART IIICOMMUNITY INTEREST COMPANIES

Supplementary

Orders made by Regulator

58.—(1) An order made by the Regulator under this Part must be given to the community interest company in relation to which it is made and—

(a)if the order is under Article 44(1) or (3), to the director removed or suspended,

(b)if the order is under Article 46(1)(b) or (2), to the person to whom the order is directed,

(c)if the order is under Article 47(1), to the persons from and to whom shares are transferred,

(d)if the order is under Article 47(2), to the person whose interest is extinguished and any person appointed in his place.

(2) Orders made by the Regulator under this Part may contain any incidental or supplementary provisions the Regulator considers expedient.

(3) When discharging an order made under this Part, the Regulator may make savings and transitional provisions.

(4) A document certified by the Regulator to be a true copy of an order made by the Regulator is evidence of the order without further proof; and a document purporting to be so certified shall, unless the contrary is proved, be taken to be so certified.

(5) Where the Regulator makes an order or decision against which an appeal lies under this Part, the Regulator must give reasons for the order or decision to the persons entitled to appeal against it.