Part 8Registered social landlords: organisational change etc.

Companies: restructuring and winding up

102Conversion of company into a registered society

1

A special resolution by the company under section 53 of the Co-operative and Community Benefit Societies and Credit Unions Act 1965 (c.12) has effect only if––

a

the Regulator consents to the special resolution before it is passed, and

b

a copy of the consent accompanies the resolution sent to the registrar of companies in accordance with section 53(4) of the Co-operative and Community Benefit Societies and Credit Unions Act 1965 (c.12).

2

The new registered society created in pursuance of that resolution is to be included in the register (and is to be treated as so included pending such inclusion).