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Order of Objects

Re: Order of Objects

Postby atticus » Thu Feb 26, 2015 9:55 pm

You think the Charity Commission is a waste of space. It does take action, perhaps not enough for you, and perhaps due to underfunding, but it does.
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Re: Order of Objects

Postby Hairyloon » Thu Feb 26, 2015 10:42 pm

Oh, I know they take action: we've had a thread or two on here discussing some of the action they have taken...
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Re: Order of Objects

Postby dls » Thu Feb 26, 2015 11:35 pm

Yes, but a charity does not usually have shareholders and the Charity Commission is a waste of space, so how would such restrictions be enforced?

The Commission has its limits but that is unfair.

In any event, such a change requires registration with Companies House who know whether a company is charitable or not.
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Re: Order of Objects

Postby Hairyloon » Fri Feb 27, 2015 1:02 am

dls wrote:
Yes, but a charity does not usually have shareholders and the Charity Commission is a waste of space, so how would such restrictions be enforced?

The Commission has its limits but that is unfair.

Oh all right then.
In any event, such a change requires registration with Companies House who know whether a company is charitable or not.

We seem to have taken a jump from ignoring the objects to changing them, which I thought was another question...

So, what happens if a company with charitable objects registers a change to make its objects uncharitable?
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Re: Order of Objects

Postby dls » Fri Feb 27, 2015 6:30 am

To make the change effective it must register them at Companies House - who will refuse without the consent of the Charity commission who will deregister, and according to the situation further action can be taken as to assets.
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Re: Order of Objects

Postby Hairyloon » Fri Feb 27, 2015 6:18 pm

Ah, but that would seem to only apply if it was a charity. All charities must have charitable objects, but not all companies with charitable objects are charities.
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Re: Order of Objects

Postby atticus » Fri Feb 27, 2015 6:36 pm

And where do those musings take you? Can I invite you to develop your argument?
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Re: Order of Objects

Postby Hairyloon » Fri Feb 27, 2015 7:01 pm

You can, but does it have to be an argument? I'm tired...
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Re: Order of Objects

Postby atticus » Fri Feb 27, 2015 7:11 pm

Argument as in the point you are making, not confrontation.
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Re: Order of Objects

Postby Hairyloon » Fri Feb 27, 2015 7:31 pm

I am simply wondering what mechanisms there are available to ensure that a company retains and abides by the principles that it was founded on.
I can imagine a company founded with charitable objects, gaining goodwill and other perks because of that charitability, then failing to prevent profiteers from acquiring shares and changing the game.
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