# The Community Benefit Societies (Restriction on Use of Assets) Regulations 2006, Paragraph 2


Section 16 (cancellation of registration of society) shall apply to a prescribed community benefit society that has a restriction on use as if—
(a) at the end of subsection (1)(c), there were inserted—
“; or
(iv) on proof to the Authority’s satisfaction that the society has contravened regulation 3 of the Community Benefit Societies (Restriction on Use of Assets) Regulations 2006”; and
(b) in subsection (4), after “subsection (1)(c)(ii)” there were inserted “or (iv)”.

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110737865/schedule/2/paragraph/2 (the official version)
Page: https://openlegislation.uk/draft-community-benefit-societies-restriction-on-use-of-assets-regulations-2006/schedule-2/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.