Companies (Audit, Investigations and Community Enterprise) Act 2004
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
45 Appointment of director
(1) The Regulator may by order appoint a director of a community interest company. (2) The person appointed may be anyone whom the Regulator thinks appropriate, other than a member of the Regulator’s staff. (3) A person may be appointed as a director of a company under this section— (a) whether or not the person is a member of the company, and (b) irrespective of any provision made by the articles of the company or a resolution of the company .... (4) An order appointing a person to be a director of a company under this section must specify the terms on which the director is to hold office; and those terms have effect as if contained in a contract between the director and the company. (5) The terms specified must include the period for which the director is to hold office, and may include terms as to the remuneration of the director by the company. (6) A director appointed under this section has all the powers of the directors appointed by the company (including powers exercisable only by a particular director or class of directors). (7) A director appointed under this section may not be removed by the company, but may be removed by the Regulator at any time. (8) Where— (a) a person is appointed to be a director of the company under this section, or (b) a person so appointed ceases to be a director of the company, the obligation which would otherwise be imposed on the company under section 167G(1) of the Companies Act 2006 (duty to notify registrar of change in directors) is instead an obligation of the Regulator. (9) But if subsection (10) applies, section 167G(6) applies as if the period within which the Regulator must send a notification to the registrar of companies is 14 days from the date on which the Regulator receives notification under that subsection. (10) Where a person appointed to be a director of the company under this section ceases to be a director of the company (otherwise than by removal under subsection (7)), the company must give notification of that fact to the Regulator in a form approved by the Regulator before the end of the period of 14 days beginning with the date on which the person ceases to be a director. (11) If default is made in complying with subsection (10) an offence is committed by— (a) the company, and (b) every officer of the company who is in default. For this purpose a shadow director is treated as an officer of the company. (12) A person guilty of an offence under subsection (11) is liable on summary conviction to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale one-tenth of the greater of £5,000 or level 4 on the standard scale . (13) The company may appeal to the Appeal Officer against an order under this section.
45 Appointment of director
(1) The Regulator may by order appoint a director of a community interest company. (2) The person appointed may be anyone whom the Regulator thinks appropriate, other than a member of the Regulator’s staff. (3) A person may be appointed as a director of a company under this section— (a) whether or not the person is a member of the company, and (b) irrespective of any provision made by the articles of the company or a resolution of the company .... (4) An order appointing a person to be a director of a company under this section must specify the terms on which the director is to hold office; and those terms have effect as if contained in a contract between the director and the company. (5) The terms specified must include the period for which the director is to hold office, and may include terms as to the remuneration of the director by the company. (6) A director appointed under this section has all the powers of the directors appointed by the company (including powers exercisable only by a particular director or class of directors). (7) A director appointed under this section may not be removed by the company, but may be removed by the Regulator at any time. (8) Where— (a) a person is appointed to be a director of the company under this section, or (b) a person so appointed ceases to be a director of the company, the obligation which would otherwise be imposed on the company under section 167G(1) of the Companies Act 2006 (duty to notify registrar of change in directors) is instead an obligation of the Regulator. (9) But if subsection (10) applies, section 167G(6) applies as if the period within which the Regulator must send a notification to the registrar of companies is 14 days from the date on which the Regulator receives notification under that subsection. (10) Where a person appointed to be a director of the company under this section ceases to be a director of the company (otherwise than by removal under subsection (7)), the company must give notification of that fact to the Regulator in a form approved by the Regulator before the end of the period of 14 days beginning with the date on which the person ceases to be a director. (11) If default is made in complying with subsection (10) an offence is committed by— (a) the company, and (b) every officer of the company who is in default. For this purpose a shadow director is treated as an officer of the company. (12) A person guilty of an offence under subsection (11) is liable on summary conviction to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale one-tenth of the greater of £5,000 or level 4 on the standard scale . (13) The company may appeal to the Appeal Officer against an order under this section.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.