CIC Association

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Martin Hayes
  • Male
  • Bexley
  • United Kingdom
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Adding a bank signatory
2 Replies

I hope this is a simple question/answer. Does a bank account signatory have to hold a position in the company? Someone has offered to be a signatory for our CIC but won't be working in the company.…Continue

Started this discussion. Last reply by Martin Hayes Mar 15.

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Latest Activity

Martin Hayes replied to megan middleton's discussion Setting up a CIC,
"Hi Megan You can use them as they are but you should read through each section to make sure you agree with it and when you see something like this "The objects of the Company are to carry on activities which benefit the community and in…"
May 13
Martin Hayes replied to megan middleton's discussion Setting up a CIC,
"If you don't know anything about them leave the memorandum & article as they are. You can't remove the red bits. Read through them to make sure you are aware of what you are agreeing to. The asset lock will be in there in red. You…"
May 12
Martin Hayes replied to megan middleton's discussion Setting up a CIC,
"Hi Megan I was in your position last year and I couldn't find any help anywhere on the web about how you set one of these up. Lot's of people give business advice as if you already know how to set up a company, but I hadn't got a clue…"
May 11
Martin Hayes replied to Martin Hayes's discussion Adding a bank signatory
"Thanks Nick, that sounds reasonable. From what I've read elsewhere, the board can appoint anyone as a signatory although I think the agreement is a good idea."
Mar 15
Nick Lee replied to Martin Hayes's discussion Adding a bank signatory
"Hi Martin One way of thinking about it is that they don't have to have a paid role, they can be a volunteer. Their voluntary role title is 'Account Signatory'. I'm sure it would be good practice to set out in writing some…"
Mar 15
Martin Hayes posted a discussion

Adding a bank signatory

I hope this is a simple question/answer. Does a bank account signatory have to hold a position in the company? Someone has offered to be a signatory for our CIC but won't be working in the company. If they do not need to hold a position, do we need an agreement? See More
Mar 9
Martin Hayes replied to Elizabeth McClelland's discussion My CIC does not come up on the map of CICs in the group South East
"Where can I find this map? "
Jan 28
Martin Hayes updated their profile
May 20, 2016
Martin Hayes updated their profile photo
Dec 18, 2015
Tim Cooper left a comment for Martin Hayes
"Hi Martin - We are Communities Insurance Brokers CIC - we specialise in advising and assisting charity and social enterprise organisations find suitable and cost effective insurance cover. Our clients range from large social housing providers and…"
Dec 11, 2015
Martin Hayes is now a member of CIC Association
Dec 4, 2015

Profile Information

What is your postcode?
DA16 2PB
Name of organisation (if any) you are associated with?
Learning Digital CIC
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://learningdigital.uk/
Are you interested in representing a CIC at the CIC Association AGM?
No
Are you interested in working in partnership with the CIC Association?
No

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At 9:50 on December 11, 2015, Tim Cooper said…

Hi Martin - We are Communities Insurance Brokers CIC - we specialise in advising and assisting charity and social enterprise organisations find suitable and cost effective insurance cover. Our clients range from large social housing providers and charities to small CIC start-ups and voluntary groups. We have no minimum premiums and do not charge for our administration. Please let me know if we can can help. Kind regards Tim Cooper 07790 598080

 
 
 

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