Regulation 16 Dissolution of CIO which is not in operation
If the Commission has reasonable cause to believe that a CIO is not in operation it must send the CIO a letter inquiring whether the CIO is in operation.
If it does not receive an answer within 1 month after the date of the letter the Commission must, no later than 2 months after the date of the letter, send the CIO a second letter inquiring whether the CIO is in operation.
The second letter must refer to the first letter and state that, if an answer is not received to either letter within 1 month after the date of the second letter, the Commission will publish notice of its intention to dissolve the CIO.
If the Commission—
receives an answer to either letter to the effect that the CIO is not in operation; or
has, after 1 month beginning with the date of the second letter, not received any answer to either letter,
the Commission must publish, in such manner as it thinks fit, notice of its intention to dissolve the CIO after 3 months from the date of the notice unless it is shown that the CIO is in operation or will be in operation within a reasonable period of time.
The Commission must send the CIO a copy of the notice published under paragraph (4).
No earlier than 3 months after the publication of the notice of intention the Commission must dissolve the CIO by removing it from the register, unless it is satisfied that—
the CIO is in operation; or
the CIO will be in operation within a reasonable period of time.
In this regulation the date of a letter is the date on which it is sent.