Yn ddilys o 01/04/2010
161Company: conversion into industrial and provident societyE+W
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Nodiadau Esboniadol
(1)This section applies to a non-profit registered provider which is a registered company.
(2)The registrar of companies may register a resolution under section 53 of the Industrial and Provident Societies Act 1965 (c. 12) for converting the company into an industrial and provident society only if—
(a)the regulator has consented to the resolution, and
(b)a copy of the consent accompanies the resolution as sent to the registrar.
(3)The regulator shall register the body created by the conversion and designate it as a non-profit organisation.
(4)Pending registration the body shall be treated as if it were registered and designated as a non-profit organisation.