3.2.14 Investments
Section 27 of the Co-operative and Community Benefit Societies Act 2014 allows societies to invest funds in other corporate bodies and local authorities. Societies must have rules making provisions for investment. Some societies have rules determining how investment decisions above a set value must be made. Section 2.8 addresses investment in other legal entities.
- 1 Introduction to community shares
- 2 Society legislation
- 2.1 Types of societies
- 2.2 Share capital in societies
- 2.3 Liquidity of withdrawable shares
- 2.4 Asset lock provisions
- 2.5 Debt
- 2.6 Converting legal forms
- 2.6.1 Converting a company into a society
- 2.6.2 Converting a community interest company into a society
- 2.6.3 Converting a registered charity into a charitable community benefit society
- 2.6.4 Converting a society into a company
- 2.6.5 Converting a society into a charitable incorporated organisation
- 2.6.6 Converting between society forms
- 2.7 Amalgamations and transfers of engagements
- 2.8 Investments in other legal entities
- 2.9 Insolvency and dissolution
- 3 Governing documents
- 3.1 Registration processes
- 3.2 Statutory rules
- 3.2.1 Name
- 3.2.2 Objects
- 3.2.3 Address
- 3.2.4 Admission of members
- 3.2.5 Conduct of meetings
- 3.2.6 Management committee members
- 3.2.7 Maximum shareholdings
- 3.2.8 Loans and deposits
- 3.2.9 Terms and conditions for share capital
- 3.2.10 Audits and auditors
- 3.2.11 Terminating membership
- 3.2.12 Use of profits
- 3.2.13 Official documents
- 3.2.14 Investments
- 3.3 Sponsoring bodies and model rules
- 3.4 Amending rules
- 3.5 Secondary rules
- 3.6 Obligations of registration
- 4 Offer documents
- 5 Promoting offers
- 5.1 Introduction
- 5.2 Community engagement
- 5.3 Data protection, privacy and electronic communications
- 5.4 Communication methods
- 5.5 Selling shares
- 5.6 Receiving funds
- 5.7 Crowdfunding
- 5.8 Applications by non-UK residents
- 5.9 Shares as gifts
- 5.10 Purchasing shares by instalments
- 5.11 Incentives
- 5.12 Nomination of beneficiaries
- 6 Share interest and the use of profit or surplus
- 7 Regulation and guidance
- 8 Tax treatment
- 8.1 Introduction
- 8.2 Buying and selling shares
- 8.3 Income tax
- 8.4 Enterprise Investment Scheme
- 8.5 Seed Enterprise Investment Scheme
- 8.6 Social Investment Tax Relief
- 8.7 Inheritance tax
- 8.8 Community Investment Tax Relief
- 8.9 Tax treatment of charitable community benefit societies
- 8.10 Corporation tax
If you have any questions or suggestions for new information you would like to find in the Handbook, contact the team by email at communityshares@uk.coop