The Community Interest Company (Amendment) Regulations 2012

• Citation: S.I. 2012/2335
• Sections: 3

Section 1 Citation and commencement

These Regulations may be cited as the Community Interest Company (Amendment) Regulations 2012 and come into force on 1st October 2012.

Section 2 Community interest company report

(1) The Community Interest Company Regulations 2005 are amended as follows.

(2) In regulation 29 omit “sections 441 to 448 and 451 to 453 (filing obligations);”.

(3) After regulation 29 insert—

Delivery of community interest company report to the registrar of companies

(29A)

(1) The directors of a community interest company must deliver to the registrar of companies for each financial year a copy of the community interest company report.

(2) For these purposes, sections 441 to 443, 445(1) and (5), 446(1) and (3), 447(1) and (3) and 451 to 453 of the 2006 Act apply to a community interest company report as they apply to a directors’ report.

(3) Sections 444(1) and (6) and 444A(1) and (3) apply to a community interest company report as they apply to a directors’ report with the following modifications—

(a) section 444(1) has effect as if the directors of a community interest company subject to the small companies regime must deliver a copy of the community interest company report for each financial year to the registrar; and

(b) section 444A(1) has effect as if the directors of a community interest company which is entitled to the small companies exemption in relation to the directors’ report for a financial year must deliver a copy of the community interest company report for that year to the registrar.

Section 3 Transitional Provision

Regulation 2 applies to community interest company reports for financial years ending on or after 1st October 2012.