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Introductory Text
PART I INTRODUCTORY
1.Title and commencement
2.Interpretation
PART II AUDITORS, ACCOUNTS, DIRECTORS' LIABILITIES AND INVESTIGATIONS
CHAPTER I AUDITORS
Recognised supervisory bodies
3.Additional requirements for recognition of supervisory bodies
4.Arrangements to which additional requirements for recognition relate
Delegation of functions of Department in relation to auditors
5.Delegation of functions by Department to new or existing body
6.Circumstances in which the Department may delegate functions to existing body
7.Supplementary provisions about delegation orders
Auditors' qualifications
8.Approval of overseas qualifications for auditors
Services provided by auditors
9.Disclosure of services provided by auditors and related remuneration
CHAPTER II ACCOUNTS AND REPORTS
Auditing of accounts
10.Auditors' rights to information
11.Statement in directors' report as to disclosure of information to auditors
Defective accounts
12.Persons authorised to apply to court in connection with defective accounts
13.Power of person authorised to require documents, information and explanations
Directors' reports
14.Power to specify bodies who may issue reporting standards
15.Application of provisions inserted by Article 13 to certain bodies
Bodies concerned with accounting standards etc.
16.Grants to bodies concerned with accounting standards etc.
17.Exemption from liability
CHAPTER III DIRECTORS' LIABILITIES
18.Relaxation of prohibition on provisions protecting directors etc. from liability
19.Funding of director’s expenditure on defending proceedings
CHAPTER IV INVESTIGATIONS
20.Power to require documents and information
21.Protection in relation to certain disclosures
22.Power to enter and remain on premises
23.Failure to comply with certain requirements
CHAPTER V MINOR AND CONSEQUENTIAL AMENDMENTS AND REPEALS
24.Minor and consequential amendments and repeals
PART III COMMUNITY INTEREST COMPANIES
Introductory
25.Community interest companies
26.Regulator
27.Appeal Officer
28.Official Property Holder
Requirements
29.Cap on distributions and interest
30.Distribution of assets on winding up
31.Memorandum and articles
32.Names
33.Community interest company reports
34.Community interest test and excluded companies
Becoming a community interest company
35.New companies
36.Existing companies: requirements
37.Existing companies: decisions etc.
38.Existing companies: charities
Supervision by Regulator
39.Conditions for exercise of supervisory powers
40.Investigation
41.Audit
42.Civil proceedings
43.Appointment of director
44.Removal of director
45.Appointment of manager
46.Property
47.Transfer of shares etc.
48.Petition for winding up
49.Dissolution and striking off
Change of status
50.Re-registration
51.Ceasing to be a community interest company
52.Becoming a charity: requirements
53.Becoming a charity: decisions
54.Becoming an industrial and provident society
Supplementary
55.Fees
56.Extension of provisions about registrar etc.
57.Information
58.Orders made by Regulator
59.Regulations
60.Interpretation of Part III
Signature
SCHEDULES:
Schedule 1
New Schedule 7B to the Companies (Northern Ireland) Order 1986
Schedule 2
Minor and consequential amendments relating to Part II
Schedule 3
Repeals
Schedule 4
Regulator of Community Interest Companies for Northern Ireland
Schedule 5
Appeal Officer for Community Interest Companies for Northern Ireland
Schedule 6
Official Property Holder for Community Interest Companies for Northern Ireland
Schedule 7
Community interest companies: names
Schedule 8
Community interest companies: investigations
Explanatory Note