Part 2Community interest companies
Requirements
34Community interest company reports
1
The directors of a community interest company must prepare in respect of each financial year a report about the company’s activities during the financial year (a “community interest company report”).
2
Section 242(1) of the Companies Act 1985 is to be treated as requiring the directors of a community interest company to deliver to the registrar of companies a copy of the community interest company report.
3
Regulations—
a
must make provision requiring community interest company reports to include information about the remuneration of directors,
b
may make provision as to the form of, and other information to be included in, community interest company reports, and
c
may apply provisions of the Companies Act 1985 (c. 6) relating to directors' reports to community interest company reports (with any appropriate modifications).
4
The registrar of companies must forward to the Regulator a copy of each community interest company report delivered to the registrar by virtue of this section.