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The Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012 No. 3013

Restoration by Commission

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33.—(1) The Commission may restore to the register any CIO which it removed from the register under regulation 16 or 18.

(2) The Commission may restore a CIO under this regulation of its own motion or on the application of any person who was a charity trustee of the CIO immediately before its dissolution.

(3) Where the Commission has made an order under regulation 26 vesting in a charity or charities all of the property which is or was held on trust by the official custodian under regulation 23, the Commission must not restore the CIO to the register unless—

(a)all appeal rights in connection with that order have been exhausted;

(b)any appeal brought in connection with that order has been discontinued before it was finally determined; or

(c)the period within which any appeal, or any subsequent appeal, may have been made has expired.

(4) The Commission must not restore the CIO to the register after the end of the period of 6 years from the date of dissolution.

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