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Cap. 630 · Social Enterprise Act (Cap. 630)

Cap. 630 ст. 10Cessation by the organisation.

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(1) It shall be an obligation on all administrators of a social enterprise organisation which for any reason ceases to operate as such or to qualify as a social enterprise organisation in terms of this Act to bring the facts to the attention of the Regulator within three (3) working days, and, in such case, the Regulator shall cancel the registration of the social enterprise organisation.

(2) The social enterprise organisation may also resolve not to continue to operate as such by a resolution of the holders of the shares or participating interests therein and may, subject to the other provisions of this Act, resolve to continue the operations of the organisation without the benefits under this Act, in which case article 22(2) and (5) shall apply mutatis mutandis.

Part V The Regulator of Social Enterprise Organisations