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(This note is not part of the Regulations)
These Regulations amend the definition of “relevant period” in paragraph 2(1) of schedule 14 of the Corporate Insolvency and Governance Act 2020 (“the Act”).
The Act makes provision about meetings of Scottish charitable incorporated organisations (“SCIOs”) to give them more flexibility as to when and how general meetings (such as annual general meetings) and some other meetings are held. The Act allows SCIOs to hold such meetings remotely (regardless of whether that is permitted by their constitutions) in the “relevant period”.
As currently defined the “relevant period” began with 26 March 2020 and would end with 30 December 2020. As amended by these Regulations the “relevant period” is the period which began with 26 March 2020 and will end with 30 March 2021.
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Policy Note sets out a brief statement of the purpose of a Scottish Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Scottish Statutory Instrument accessible to readers who are not legally qualified and accompany any Scottish Statutory Instrument or Draft Scottish Statutory Instrument laid before the Scottish Parliament from July 2012 onwards. Prior to this date these type of notes existed as ‘Executive Notes’ and accompanied Scottish Statutory Instruments from July 2005 until July 2012.
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