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
46 Removal of director
(1) The Regulator may by order remove a director of a community interest company. (2) If a person has been removed under subsection (1)— (a) the company may not subsequently appoint him a director of the company, and (b) any assignment to the person of the office of director of the company is of no effect (even if approved by special resolution of the company). (3) The Regulator may by order suspend a director of the company pending a decision whether to remove him. (4) The maximum period for which a director may be suspended under subsection (3) is one year. (5) If the Regulator suspends a director under subsection (3) the Regulator may give directions in relation to the performance of the director’s functions. (6) The Regulator may discharge an order made under subsection (1). (7) The discharge of an order made under subsection (1) does not reinstate the person removed by the order as a director of the company, but on the discharge of the order subsection (2) ceases to apply to the person. (8) The Regulator must from time to time review any order made under subsection (3) and, if it is appropriate to do so, discharge the order. (9) Before making an order under subsection (1) or (3) in relation to a director, the Regulator must give at least 14 days' notice to— (a) the director, and (b) the company. (10) Where an order is made in relation to a director under subsection (1) or (3) the director may appeal against the order— (a) in England and Wales or Northern Ireland, to the High Court, or (b) in Scotland, to the Court of Session. (11) The Regulator must, before the end of the period of 14 days beginning with the date on which— (a) an order under subsection (1) is made or discharged, (b) an order under subsection (3) is made or discharged or expires, or (c) an order under subsection (1) or (3) is quashed on appeal, give notification of that event to the registrar of companies in a form approved by the registrar of companies. (12) Where subsection (11) imposes an obligation to notify the registrar of companies of an event, section 167G(1) of the Companies Act 2006 (duty to notify registrar of change in directors) does not apply in respect of the event.
46 Removal of director
(1) The Regulator may by order remove a director of a community interest company. (2) If a person has been removed under subsection (1)— (a) the company may not subsequently appoint him a director of the company, and (b) any assignment to the person of the office of director of the company is of no effect (even if approved by special resolution of the company). (3) The Regulator may by order suspend a director of the company pending a decision whether to remove him. (4) The maximum period for which a director may be suspended under subsection (3) is one year. (5) If the Regulator suspends a director under subsection (3) the Regulator may give directions in relation to the performance of the director’s functions. (6) The Regulator may discharge an order made under subsection (1). (7) The discharge of an order made under subsection (1) does not reinstate the person removed by the order as a director of the company, but on the discharge of the order subsection (2) ceases to apply to the person. (8) The Regulator must from time to time review any order made under subsection (3) and, if it is appropriate to do so, discharge the order. (9) Before making an order under subsection (1) or (3) in relation to a director, the Regulator must give at least 14 days' notice to— (a) the director, and (b) the company. (10) Where an order is made in relation to a director under subsection (1) or (3) the director may appeal against the order— (a) in England and Wales or Northern Ireland, to the High Court, or (b) in Scotland, to the Court of Session. (11) The Regulator must, before the end of the period of 14 days beginning with the date on which— (a) an order under subsection (1) is made or discharged, (b) an order under subsection (3) is made or discharged or expires, or (c) an order under subsection (1) or (3) is quashed on appeal, give notification of that event to the registrar of companies in a form approved by the registrar of companies. (12) Where subsection (11) imposes an obligation to notify the registrar of companies of an event, section 167G(1) of the Companies Act 2006 (duty to notify registrar of change in directors) does not apply in respect of the event.
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.