SCHEDULE
PART 1MODIFICATIONS OF PUBLIC GENERAL ACTS
Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)
8
1
The Companies (Audit, Investigations and Community Enterprise) Act 2004 is amended as follows.
2
In section 26(3)(b) (community interest companies), for the words from “given such” to the end substitute “entered in the Scottish Charity Register”.
3
In section 40 (existing companies: Scottish charities)–
a
in subsection (7), for the words from “that does” to the end substitute–
it shall continue to be under a duty to apply–
- a
any property previously acquired, or any property representing property previously acquired,
- b
any property representing income which has previously accrued, and
- c
the income from any such property,
in accordance with its purposes as set out in its entry in the Scottish Charity Register immediately before it became a community interest company.
b
in subsection (8), the word “or” and paragraph (b) are repealed; and
c
subsection (9) is repealed.
4
In section 54(8) (becoming a charity or a Scottish charity), for the words from “Commissioners of” to the end substitute “Scottish Charity Regulator that, if the special resolutions take effect and the company ceases to be a community interest company, the company will be entered in the Scottish Charity Register”.
5
In section 63(1) (interpretation), for the definition of “Scottish charity” substitute–
“Scottish charity” means a body entered in the Scottish Charity Register.