- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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Housing and Regeneration Act 2008
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Rhagor o Adnoddau
Changes over time for: Section 115
No versions valid at: 12/11/2009
Alternative versions:
- 01/04/2010- Amendment
- 12/11/2009
Point in time - 06/04/2017- Amendment
- 20/09/2023- Amendment
- 01/04/2024- Amendment
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Housing and Regeneration Act 2008, Section 115 is up to date with all changes known to be in force on or before 07 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Yn ddilys o 01/04/2010
115Profit-making and non-profit organisationsE+W
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adran has no associated
Nodiadau Esboniadol
(1)Each entry in the register shall designate the body registered as either—
(a)a non-profit organisation, or
(b)a profit-making organisation.
(2)A body is a non-profit organisation if it is a registered or non-registrable charity.
(3)A body is also a non-profit organisation if it satisfies the following conditions.
(4)Condition 1 is that the body—
(a)does not trade for profit, or
(b)is prohibited by its constitution from issuing capital with interest or dividend at a rate exceeding that prescribed under section 1(1)(b) of the Housing Associations Act 1985 (c. 69).
(5)Condition 2 is that a purpose of the body is the provision or management of housing.
(6)Condition 3 is that any other purposes of the body are connected with or incidental to the provision of housing.
(7)The Secretary of State may make regulations providing that a specified purpose is to be, or not to be, treated as connected with or incidental to the provision of housing.
(8)A body which is not a non-profit organisation under subsection (2) or (3) is a profit-making organisation.
(9)If the regulator thinks that what was a profit-making organisation has become a non-profit organisation, the regulator must change the registered designation accordingly.
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