[F138Becoming a community interest company: decision by RegulatorE+W+S
(1)The Regulator must decide whether the company is eligible to become a community interest company.
(2)A company is eligible to become a community interest company if—
(a)its articles as proposed to be amended comply with the requirements imposed by and by virtue of section 32,
(b)its proposed name complies with section 33, and
(c)the Regulator, having regard to the application and accompanying documents and any other relevant considerations, considers that the company—
(i)will satisfy the community interest test, and
(ii)is not an excluded company.
(3)The Regulator must give notice of the decision to the registrar of companies (but the registrar is not required to record it).]
Textual Amendments
F1 Ss. 38, 38A substituted for s. 38 (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 227(2) (with art. 10)