161Company: conversion into [F1registered society]E+W
(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 [F2section 115 of the Co-operative and Community Benefit Societies Act 2014] for converting the company into [F3a registered 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.
Textual Amendments
F1Words in Act substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 123 (with Sch. 5)
F2Words in s. 161(2) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 127 (with Sch. 5)
F3Words in Act substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 122 (with Sch. 5)
Commencement Information
I1S. 161 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)