Co-operative and Community Benefit Societies Act 2014 (c. 14)

Part 7 E+W+S Accounts, audit and annual returns

Interpretation of Part 7 E+W+S

102 Interpretation of Part 7 E+W+S

In this Part—

• “company” includes any body corporate other than a registered society;

• “deposit” is to be read with—

  (a)

  section 22 of the Financial Services and Markets Act 2000,

  (b)

  any relevant order under that section, and

  (c)

  Schedule 2 to that Act;

• “equity share capital”, in relation to a company, means its issued share capital excluding any part of it which (as regards dividends and capital) carries no right to participate beyond a specified amount in a distribution;

• “qualified auditor” has the meaning given by section 91;

• “small society” has the meaning given by section 83;

• “subsidiary” has the meaning given by sections 100 and 101;

• “turnover”, in relation to a society, means the amounts derived from the provision of goods and services falling within the society's activities after deduction of—

  (a)

  trade discounts,

  (b)

  value added tax, and

  (c)

  any other taxes based on the amounts so derived.