F1F1PART IIICOMMUNITY INTEREST COMPANIES

Annotations:
Amendments (Textual)

Introductory

Community interest companies25

1

There is to be a new type of company to be known as the community interest company.

2

In accordance with this Part—

a

a company limited by shares or a company limited by guarantee and not having a share capital may be formed as or become a community interest company, and

b

a company limited by guarantee and having a share capital may become a community interest company.

3

A community interest company established for charitable purposes is to be treated as not being so established and accordingly is not a charity.