Part 2Community interest companies

Becoming a community interest company

F137C.Becoming a community interest company: application and accompanying documents

(1)

An application to become a community interest company must be accompanied by—

(a)

a copy of the special resolutions,

(b)

a copy of the company’s articles as proposed to be amended, and

(c)

the prescribed conversion documents.

(2)

The “prescribed conversion documents” means such declarations or statements as are required by regulations to accompany the application, in such form as may be approved in accordance with the regulations.

(3)

On receiving an application to become a community interest company together with the other documents required to accompany it, the registrar of companies must (instead of recording the documents and entering a new name on the register)—

(a)

forward a copy of each of the documents to the Regulator, and

(b)

retain the documents pending the Regulator’s decision.