Important Information
Please note that if you choose not to use any of the model Memorandum and Articles of Association please can you ensure that:
- The company name ends with the expression "CIC", "Community Interest Company", "Community Interest Public Limited Company", "Community Interest PLC", or if you have a registered office in Wales you can use the Welsh prescribed equivalents of cwmni buddiant cymunedol', 'c.b.c', 'cwmni buddiant cymunedol cyhoeddus cyfyngedig' or 'cwmni buddiant cymunedol c.c.c.
- The memorandum states that the company is to be a community interest company.
- If you are a Company Limited by Guarantee without shares your Memorandum and Articles of Association must comply with schedule 1 from the Community Interest Company Regulations 2005, referring to the 'asset lock', membership, voting rights, and director's voting rights, appointment and removal.
- If you are a Company Limited by Guarantee with a share capital, or company limited by shares and will only pay dividends to asset-locked bodies, your Memorandum and Articles of Association must comply with schedule 2 from the Community Interest Company Regulations 2005, referring to the 'asset lock', transfer of shares, membership, and director's voting rights, appointment and removal.
- If you are a Company Limited by Guarantee with a share capital, or company limited by shares and will pay dividends to shareholders, your Memorandum and Articles of Association must comply with schedule 3 from the Community Interest Company Regulations 2005, referring to the 'asset lock', transfer of shares, voting rights, and director's voting rights, appointment and removal.