Company Removal Removal from Removal from Removal from the Removal from the from the the Register the Register Register does not Register does not Register and results in does not lead to lead to dissolution; lead to dissolution; dissolution dissolution dissolution; body body can continue body can continue can continue to to exist without to exist without exist without charitable status charitable status but charitable status but must use must use remaining but must use remaining charitable assets remaining charitable assets solely for charitable charitable assets solely for purposes solely for charitable charitable purposes by Dissolution takes purposes solvent or Dissolution place when all trust insolvent Dissolution takes place in property is route (see takes place in line with expended or at the section 7.3) line with constitutional discretion of the requirements requirements charity trustees if set out in the (normally following their powers permit governing a resolution of the document members) or at the instigation of Requirement No requirement for Companies House for public notice public notice of Companies House of dissolution dissolution No dissolves the body by removing it from requirement the Companies for public notice of Register after a public notice period dissolution Option for (subject to any creditors to set Option for creditors instigate out in the to instigate sequestration governing liquidation and and document) subsequent subsequent dissolution dissolution (see section 7.4) No option for the body Option for the
Company Removal from the Register and dissolution Removal from the Register results in dissolution by solvent or insolvent route (see section 7.3) Requirement for public notice of dissolution Option for creditors to instigate sequestration and subsequent dissolution (see section 7.4) No option for the body Removal from the Register does not lead to dissolution; body can continue to exist without charitable status but must use remaining charitable assets solely for charitable purposes Dissolution takes place in line with requirements set out in the governing document No requirement for public notice of dissolution (subject to any set out in the governing document) Removal from the Register does not lead to dissolution; body can continue to exist without charitable status but must use remaining charitable assets solely for charitable purposes Dissolution takes place in line with constitutional requirements (normally following a resolution of the members) or at the instigation of Companies House Companies House dissolves the body by removing it from the Companies Register after a public notice period Option for creditors to instigate liquidation and subsequent dissolution Option for the Removal from the Register does not lead to dissolution; body can continue to exist without charitable status but must use remaining charitable assets solely for charitable purposes Dissolution takes place when all trust property is expended or at the discretion of the charity trustees if their powers permit No requirement for public notice of dissolution
cscios_a_guide.docx