Examples of Dissolution Regulations in a sentence
Other references in this constitution to “members” and “membership” do not apply to non-voting informal members as set out in clauses 9(7)(a) and (b) above, and such non-voting members do not qualify as members for any purpose under the Charities Act, General Regulations or Dissolution Regulations.
As well as an insolvent SCIO itself taking steps to wind up its estate, the Dissolution Regulations make provision for a SCIO’s creditors and other third parties (a temporary administrator or a member State liquidator appointedin main proceedings) to petition the sheriff court for the sequestration of the SCIO if they are owed at least £3,000 by the SCIO.
Like any other charity, a SCIO’s charitable status is dependent upon it continuing to meet the charity test.However, section 30 of the 2005 Act, which relates to non- SCIO charities which no longer meet the charity test, does not apply to SCIOs. The Dissolution Regulations instead make provisions to allow OSCR to address a SCIO’s failure to meet the charity test in a controlled and orderly way, as outlined below.
As provided by the Dissolution Regulations, the CIO may be dissolved by resolution of its members.
The Scottish Charitable Incorporated Organisations Regulations 2011 The Scottish Charitable Incorporated Organisations (Removal from Register and Dissolution) Regulations 2011 8).