Hello,I would very much appreciate feedback and guidance in relation to these no doubt seemingly simple queries that are cause for current concern. I set up a CIC limited by guarantee last December…Continue
Started by Daniel Wood. Last reply by Ali Strow Sep 10.
Hello all,I am entering year of two running a CIC as the sole director, but with someone acting as the second bank signatory.I have now hit the age old problem of needing two or more directors to…Continue
Started by Ali Strow Sep 9.
Hi,We have been operating as a CIC for seven years. We are now facing a number of changes including losing key staff through retirement etc.We would like to take a complete for around six months -…Continue
Started by Pete Scott. Last reply by Faye Bentley Jan 16.
Hi, can anyone give me advice or guidance on closing a cic. Sadly, the cic i set up years ago just isn't viable anymore. I left a couple of years ago and my friend took over, since then it has gone…Continue
Started by emily woldon Jan 16.
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Hi - Sadly we have reached the point where we need to shut down our CIC. Such a shame. We trained in Social & Therapeutic Horticulture at Coventry Uni and have been using those skills to work with Older people / end of life since 2011. However the sector we have been working in has become increasingly fragmented and difficult and that, coupled with recent staff changes has lead us to this decision. Any signposting and guidance on how to close the business down would be most gratefully received. We have no assets worth speaking of and once we have paid off our Accountant for the final time - our business account will be empty. Thanks.
Hi, we're in a process of change and we're saying goodbye to one director and appointing a new one at our AGM on Monday. I'm currently looking at Forms AP01 and TM01 but I can not work out who has to sign them! Is it the person being terminated or appointed or myself as a representative of the company? Any advice greatly appreciated. Thanks
Hi Allan
They usually mean your governing documents. They will want to see your Articles of Association and your CIC36 (your original documents you sent into the CIC Regulator for approval)
Best of luck
John
Dear all, I am a director of a Professional Body for Private Tutors and we are considering converting our company limited by guarantee into a CIC. We are seeking funding so that we can expand our membership reach and assist with events during the year to benefit our community of Tutors which will serve to benefit the students we tutor.
1. Would the Association would qualify to become a CIC?
2. What grants or donations may be available to the Association a. as it is currently formed and b. if it was able to register as a CIC?
3. Would CIC registration restrict the activities of the Association as a professional body?
I appreciate your feedback in advance. Ariane
Voting Rights of Non Executive Directors.
We would like to appoint some Non Executive Directors but we want to limit their voting rights to exclude certain things. Does anyone have examples of the sort of voting rights that you can you exclude without making their appointment meaningless, and how do you do it because the form you fill in for a non-executive director is the same a for a Director? We would for instance want to limit their ability to vote to sack us, the two founding Directors, without an extremely good reason!
That is correct.
Although it may depend on the voting tights of the Chair, who may have the casting vote?
Even numbers of directors are not always a good idea!
Hi Sorry if im being a bit dim, but I have a question about the new Person of significant control register.
Our CIC is limited by guarantee and therefore there are no share holders and the directors meetings are equal voting so I am unsure if all the directors (4) hold it equally and therefore wouldn't go on it because it would be 25%?
Really sorry.. cheers
Hello Jackie - fire away!
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