Amy Elizabeth Palmer
Posted 1 year ago
Perhaps this is due to the DIY fumes from my housemate but I'm trying to fill out the Articles of Association for a Community Interest Company Limited by Guarantee but in Article 4 it keeps referencing Articles 3.1, 3.3 etc - these don't seem to exist? Just 3.
COMMUNITY INTEREST COMPANY AND ASSET LOCK
3. Community Interest Company
The Company is to be a community interest company
4. Asset Lock
41.The Company shall not transfer any of its assets other than for full consideration.
4.2 Provided the conditions in Article 3.3 are satisfied, Article 3.1 shall not apply to:
a.the transfer of assets to any specified asset-locked body, or (with the consent of the Regulator) to any other asset-locked body; and
b.the transfer of assets made for the benefit of the community other than by way of a transfer of assets into an asset-locked body.
Please help? I'm wondering if my word processor has changed the number formatting perhaps?