{
  "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005",
  "json_url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005.json",
  "id": "ukdsi/2005/0110726251",
  "title": "The Community Interest Company Regulations 2005",
  "short_title": "Community Interest Company 2005",
  "long_title": "Part 2 of the Companies (Audit, Investigations and Community Enterprise) Act 2004 (the “Act”) makes provision for a new type of company to be known as a community interest company. The Act confers on the Secretary of State powers to make regulations in respect of various aspects of the conduct of community interest companies' affairs and their supervision by the Regulator of Community Interest Companies (the “Regulator”).",
  "citation": "Draft 2005, ISBN 0110726251",
  "type": "ukdsi",
  "year": "2005",
  "number": "0110726251",
  "version": "current",
  "date": null,
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/1",
      "kind": "part",
      "number": "1",
      "heading": "Citation, commencement and interpretation",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-1",
      "extent": null,
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-2",
      "extent": null,
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "part/2",
      "kind": "part",
      "number": "2",
      "heading": "The community interest test and excluded companies",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Political activities not to be treated as being carried on for the benefit of the community",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-3",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Other activities not to be treated as being carried on for the benefit of the community",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-4",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "Section of the community",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-5",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/6",
      "kind": "regulation",
      "number": "6",
      "heading": "Excluded companies",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-6",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "part/3",
      "kind": "part",
      "number": "3",
      "heading": "Requirements concerning the memorandum and articles",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/7",
      "kind": "regulation",
      "number": "7",
      "heading": "Company without share capital",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-7",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/8",
      "kind": "regulation",
      "number": "8",
      "heading": "Company with share capital",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-8",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "Alternative provisions",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-9",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/10",
      "kind": "regulation",
      "number": "10",
      "heading": "Declaration of dividends",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-10",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "part/4",
      "kind": "part",
      "number": "4",
      "heading": "Prescribed documents",
      "url": null,
      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/11",
      "kind": "regulation",
      "number": "11",
      "heading": "Prescribed formation documents",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-11",
      "extent": null,
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/12",
      "kind": "regulation",
      "number": "12",
      "heading": "Prescribed conversion documents",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-12",
      "extent": null,
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "part/5",
      "kind": "part",
      "number": "5",
      "heading": "Alteration of objects",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/13",
      "kind": "regulation",
      "number": "13",
      "heading": "Requirement for Regulator’s approval",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-13",
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/14",
      "kind": "regulation",
      "number": "14",
      "heading": "Documents to be delivered to registrar of companies",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-14",
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/15",
      "kind": "regulation",
      "number": "15",
      "heading": "Decisions etc",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-15",
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/16",
      "kind": "regulation",
      "number": "16",
      "heading": "Exemptions",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-16",
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "part/6",
      "kind": "part",
      "number": "6",
      "heading": "Restrictions on distributions and interest",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/17",
      "kind": "regulation",
      "number": "17",
      "heading": "Declaration of dividends",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-17",
      "extent": null,
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/18",
      "kind": "regulation",
      "number": "18",
      "heading": "Maximum dividend per share",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-18",
      "extent": null,
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/19",
      "kind": "regulation",
      "number": "19",
      "heading": "Maximum aggregate dividend",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-19",
      "extent": null,
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/20",
      "kind": "regulation",
      "number": "20",
      "heading": "Carrying forward of unused dividend capacity from previous financial years",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-20",
      "extent": null,
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/21",
      "kind": "regulation",
      "number": "21",
      "heading": "The interest cap",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-21",
      "extent": null,
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/22",
      "kind": "regulation",
      "number": "22",
      "heading": "Initial level and subsequent variation of dividend caps and interest cap",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-22",
      "extent": null,
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/23",
      "kind": "regulation",
      "number": "23",
      "heading": "Distribution of assets on a winding up",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-23",
      "extent": null,
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/24",
      "kind": "regulation",
      "number": "24",
      "heading": "Redemption and purchase of shares",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-24",
      "extent": null,
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/25",
      "kind": "regulation",
      "number": "25",
      "heading": "Reduction of share capital",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-25",
      "extent": null,
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "part/7",
      "kind": "part",
      "number": "7",
      "heading": "Community interest company report",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/26",
      "kind": "regulation",
      "number": "26",
      "heading": "General",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-26",
      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/27",
      "kind": "regulation",
      "number": "27",
      "heading": "Information about dividends",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-27",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/28",
      "kind": "regulation",
      "number": "28",
      "heading": "Information about debts or debentures on which a performance-related rate is payable",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-28",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/29",
      "kind": "regulation",
      "number": "29",
      "heading": "Application of the 1985 Act",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-29",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "part/8",
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      "number": "8",
      "heading": "Managers",
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    },
    {
      "path": "regulation/30",
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      "number": "30",
      "heading": "Remuneration",
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      "extent": null,
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    },
    {
      "path": "regulation/31",
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      "heading": "Security",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-31",
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    {
      "path": "regulation/32",
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      "heading": "Failure and removal",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-32",
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    {
      "path": "regulation/33",
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      "heading": "Reports",
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      "parent": "part/8"
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    {
      "path": "part/9",
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    },
    {
      "path": "regulation/34",
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      "heading": "Modifications and amendments",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-34",
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    {
      "path": "regulation/35",
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    {
      "path": "part/10",
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      "heading": "Fees",
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    },
    {
      "path": "regulation/36",
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      "heading": "Fees payable by a community interest company",
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      "extent": null,
      "status": null,
      "parent": "part/10"
    },
    {
      "path": "part/11",
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      "number": "11",
      "heading": "The Appeal Officer",
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    },
    {
      "path": "regulation/37",
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      "number": "37",
      "heading": "Time limits",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-37",
      "extent": null,
      "status": null,
      "parent": "part/11"
    },
    {
      "path": "regulation/38",
      "kind": "regulation",
      "number": "38",
      "heading": "Notice of appeal",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-38",
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    {
      "path": "regulation/39",
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      "heading": "Appeal procedure etc",
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      "path": "regulation/40",
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      "heading": "Determination of appeal",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-40",
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    {
      "path": "regulation/41",
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      "heading": "Dismissal of appeal",
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    },
    {
      "path": "regulation/42",
      "kind": "regulation",
      "number": "42",
      "heading": "Reasons",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/regulation-42",
      "extent": null,
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    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/draft-community-interest-company-regulations-2005/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/1",
      "kind": "schedule",
      "number": "1",
      "heading": "PROVISIONS PRESCRIBED FOR THE MEMORANDUM OR ARTICLES OF A COMMUNITY INTEREST COMPANY LIMITED BY GUARANTEE WITHOUT A SHARE CAPITAL",
      "url": null,
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    {
      "path": "schedule/1/paragraph/1",
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      "path": "schedule/1/paragraph/2",
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      "heading": "ALTERNATIVE PROVISIONS PRESCRIBED FOR THE MEMORANDUM OR ARTICLES OF A COMMUNITY INTEREST COMPANY LIMITED BY SHARES, OR LIMITED BY GUARANTEE WITH A SHARE CAPITAL",
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      "path": "schedule/3/paragraph/2",
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      "path": "schedule/4",
      "kind": "schedule",
      "number": "4",
      "heading": "CALCULATION OF THE AVERAGE DEBT OR SUM OUTSTANDING UNDER A DEBENTURE DURING A 12 MONTH PERIOD",
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      "path": "schedule/5",
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