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Helping Scottish Charitable Companies become a SCIO

From 1st January 2012, charities that are companies or industrial and provident societies (IPS) can apply to the Office of the Scottish Charity Regulator (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. We help?Scottish Charitable Companies become SCIOs.

However, the conversion of a company or IPS to a SCIO may only take place if:-

  • In the case of companies, the company has more than one member
  • If either

What is a Scottish Charitable Incorporated Organisation

What is a Scottish Charitable Incorporated Organisation

A Scottish Charitable Incorporated Organisation (SCIO) is a new legal body (with effect from April 2011) for charities registered in Scotland.

What is a Scottish Charitable Incorporated Organisation?

  • It is 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 from incurring personal liability.? (However this protection is not absolute and charity trustees individually may be held responsible