Regulation 8 Company with share capital

For regulation 8 of the Principal Regulations substitute—

“Company with share capital

8.

A community interest company which is a company limited by shares or a company limited by guarantee with a share capital must include in its articles either—

(a)

the provisions prescribed by Schedule 2; or

(b)

the provisions prescribed by Schedule 3,

but if the company is a community interest company immediately prior to 1st October 2009 it may continue to comply with Schedule 2 or Schedule 3 (as the case may be), as Schedule 2 or Schedule 3 read immediately prior to that date.”.