http://www.legislation.gov.uk/uksi/2005/1788/contents/madePolitical partiesCampaigningReferendumsStanding for electionThe Community Interest Company Regulations 2005Queen's Printer of Acts of Parliament2011-07-04COMPANIES 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”). The Community Interest Company Regulations 2005 PART 1Citation, commencement and interpretation1Citation and commencement2Interpretation PART 2The community interest test and excluded companies3Political activities not to be treated as being carried on for the benefit of the community4Other activities not to be treated as being carried on for the benefit of the community5Section of the community6Excluded companies PART 3Requirements concerning the memorandum and articles7Company without share capital8Company with share capital9Alternative provisions10Declaration of dividends PART 4Prescribed documents11Prescribed formation documents12Prescribed conversion documents PART 5Alteration of objects13Requirement for Regulator’s approval14Documents to be delivered to registrar of companies15Decisions etc16Exemptions PART 6Restrictions on distributions and interest17Declaration of dividends18Maximum dividend per share19Maximum aggregate dividend20Carrying forward of unused dividend capacity from previous financial years21The interest cap22Initial level and subsequent variation of dividend caps and interest cap23Distribution of assets on a winding up24Redemption and purchase of shares25Reduction of share capital PART 7Community interest company report26General27Information about dividends28Information about debts or debentures on which a performance-related rate is payable29Application of the 1985 Act PART 8Managers30Remuneration31Security32Failure and removal33Reports PART 9The registrar of companies34Modifications and amendments35Documents PART 10Fees36Fees payable by a community interest company PART 11The Appeal Officer37Time limits38Notice of appeal39Appeal procedure etc40Determination of appeal41Dismissal of appeal42Reasons SCHEDULE 1PROVISIONS PRESCRIBED FOR THE MEMORANDUM OR ARTICLES OF A COMMUNITY INTEREST COMPANY LIMITED BY GUARANTEE WITHOUT A SHARE CAPITAL1(1) The company shall not transfer any of its assets...2(1) The subscribers to the memorandum are the first members...3(1) A person who is not a member of the...4(1) Questions arising at a meeting of directors shall be... SCHEDULE 2PROVISIONS PRESCRIBED FOR THE MEMORANDUM OR ARTICLES OF A COMMUNITY INTEREST COMPANY LIMITED BY SHARES, OR LIMITED BY GUARANTEE WITH A SHARE CAPITAL1(1) The company shall not transfer any of its assets...2(1) The directors may refuse to register the transfer of...3(1) A person who is not a member of the...4(1) Questions arising at a meeting of directors shall be... SCHEDULE 3ALTERNATIVE PROVISIONS PRESCRIBED FOR THE MEMORANDUM OR ARTICLES OF A COMMUNITY INTEREST COMPANY LIMITED BY SHARES, OR LIMITED BY GUARANTEE WITH A SHARE CAPITAL1(1) The company shall not transfer any of its assets...2(1) The directors may refuse to register the transfer of...3(1) A person who is not a member of the...4(1) Questions arising at a meeting of directors shall be... SCHEDULE 4CALCULATION OF THE AVERAGE DEBT OR SUM OUTSTANDING UNDER A DEBENTURE DURING A 12 MONTH PERIOD1(1) The average amount of a debt or sum outstanding...2Where the amount of the debt or the sum outstanding... SCHEDULE 5FEES PAYABLE TO THE REGISTRAR OF COMPANIES 2005 No. 1788 COMPANIES The Community Interest Company Regulations 2005 Made 30th June 2005 Coming into force 1st July 2005

Whereas a draft of these Regulations has been laid before and approved by a resolution of each House of Parliament;

Now therefore, in exercise of the powers conferred upon her by sections 30(1) to (4), 30(7), 31, 32(3), (4) and (6), 34(3), 35(4) to (6), 36(2), 37(7), 47(12) and (13), 57(1) and (2), 58, 59(1) and 62(2) and (3) of and paragraph 4 of Schedule 4 to the Companies (Audit, Investigations and Community Enterprise) Act 2004, the Secretary of State hereby makes the following Regulations: 2004 c. 27.