Tag Archives: Charity Lawyer Scotland
Helping Scottish Charitable Companies become SCIOs
From 1st January 2012, charities that are companies or industrial and provident societies (“IPS”) can apply to OSCR to convert to a Scottish Charitable Incorporated Organisation (“SCIO”). Previously it was only unincorporated associations or trusts who could take advantage of this change. However, the conversion of a company or IPS to a SCIO may only
What are the advantages and disadvantages of becoming a SCIO?
Since April 2011, existing unincorporated charities have been able to apply to change their legal form to the new legal entity of a Scottish Charitable Incorporated Organisation (SCIO). Some of the “advantages” of becoming a SCIO are:- Liability of charity trustees is limited and members are not liable to contribute to
What is a Scottish Charitable Incorporated Organisation (SCIO)?
A SCIO is a new legal body (with effect from April 2011) for charities registered in Scotland. They are not subject to the same reporting and regulatory requirements as a company. It can enter into transactions on its own behalf, rather than by its charity trustees on its behalf. The charity trustees are in general protected
