Co-operative and Community Benefit Societies Act 2014
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
As published
115 Conversion of company into a registered society
(1) A company registered under the Companies Acts may by special resolution determine to convert itself into a registered society.
(2) The resolution must—
(a) be accompanied by a copy of the society's rules, and
(b) appoint 3 members of the company (“the appointed members”) to perform the functions mentioned in subsections (3) and (4).
(3) The appointed members and the company's secretary (or, if it has no secretary, a director of the company) must sign the rules.
(4) The resolution must provide either—
(a) that the appointed members are authorised to accept any alterations to the rules made by the FCA without further consulting the company, or
(b) that the appointed members must lay any such alterations before the company in general meeting for acceptance.
(5) A copy of the special resolution and the society's rules must be sent to the FCA.
(6) On registering the society under this Act, the FCA must (in addition to giving it an acknowledgement of registration under section 3) give it a certificate similarly sealed or signed that the society's rules have been registered.
(7) The name under which the company is registered as a registered society must not include the word “company”.
(8) A copy of the special resolution and the FCA's certificate must be sent to the registrar of companies, for registration by the registrar.
(9) The conversion takes effect on the registrar registering the resolution and certificate.
(10) On the conversion taking effect, the company's registration under the Companies Acts becomes void and the registrar must cancel the registration.
Your change, as a redline
115 Conversion of company into a registered society
(1) A company registered under the Companies Acts may by special resolution determine to convert itself into a registered society.
(2) The resolution must—
(a) be accompanied by a copy of the society's rules, and
(b) appoint 3 members of the company (“the appointed members”) to perform the functions mentioned in subsections (3) and (4).
(3) The appointed members and the company's secretary (or, if it has no secretary, a director of the company) must sign the rules.
(4) The resolution must provide either—
(a) that the appointed members are authorised to accept any alterations to the rules made by the FCA without further consulting the company, or
(b) that the appointed members must lay any such alterations before the company in general meeting for acceptance.
(5) A copy of the special resolution and the society's rules must be sent to the FCA.
(6) On registering the society under this Act, the FCA must (in addition to giving it an acknowledgement of registration under section 3) give it a certificate similarly sealed or signed that the society's rules have been registered.
(7) The name under which the company is registered as a registered society must not include the word “company”.
(8) A copy of the special resolution and the FCA's certificate must be sent to the registrar of companies, for registration by the registrar.
(9) The conversion takes effect on the registrar registering the resolution and certificate.
(10) On the conversion taking effect, the company's registration under the Companies Acts becomes void and the registrar must cancel the registration.
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.
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.