PART 1

Purposes, powers and governing documents

Charitable companies

Alteration of charitable company’s purposes
1
1
Section 198 of the Charities Act 2011 (alteration of objects by companies and Commission’s consent) is amended as follows.
2
In subsection (2)(a), for the words from “adding” to the end of the paragraph substitute “which alters the charitable purposes of the company,”.
3
After subsection (2) insert—
2A
In considering whether to consent to an alteration falling within subsection (2)(a) the Commission must have regard to—
a
the purposes of the company when it was established, if and so far as they are reasonably ascertainable,
b
the desirability of securing that the purposes of the company are, so far as reasonably practicable, similar to the purposes being altered, and
c
the need for the company to have purposes which are suitable and effective in the light of current social and economic circumstances.
S. 1 not in force at Royal Assent, see s. 41(4)
S. 1 in force at 7.3.2024 by S.I. 2024/265, reg. 3, Sch. 1 para. 1 (with reg. 6)