What if a CIC wishes to change its objects ?
If a CIC wishes to amend its objects, it may pass a special resolution to change its Memorandum and send a copy of it together with a community interest statement, a statement of the steps taken to bring the proposed alteration to the notice of persons affected by the company’s activities and a copy of the memorandum as altered to the Registrar for registration. The Registrar will refer the documents to the CIC Regulator for approval of the alteration. If approved, the Registrar will record and register the documents. The Regulator will only approve a change if it meets the community interest test.
Related Questions
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- What if a CIC wishes to change its objects ?
