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What happens to the assets if a company ceases to be a CIC ?

April 26, 2017assets ceases CIC COMPANY happens

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What happens to the assets if a company ceases to be a CIC ?

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To protect the asset lock, the Regulator must be satisfied that any surplus assets (subject to any allowable return to investors) are transferred in a way which ensures that they continue to be retained for community interest or charitable purposes rather than distributed to investors.