Interpretation 36

  36. INTERPRETATION
        36.1 The meaning of certain words used in the Rules:    
Words
Definition
“the Act”
Co-operative and Community Benefit Societies Act 2014;
"Acts"
the Act and any amendments thereto;
"AGM"
Annual General Meeting of the Charity
"Authority"

the Financial Conduct Authority (or its successor or replacement body acting as the registering authority for societies under the Acts);
“Board”
all the persons for the time being appointed as Trustees of the Charity;
"Chair"

the person who presides at meetings of the Trustees as appointed in Rule 24 (Chairing of Trustees' Meetings);
"Charities Act"
Charities Act 2011;
"the Charity"
means the Society governed by the Rules;
"clear day"
means a complete day excluding the day on which the meeting is to take place and the day on which (as appropriate) notice is given, the request received or the sum deposited or tendered;
"Conflict of Interest"
includes a conflict of interest and duty and a conflict of duties;
"Connected Person"
means, in relation to a Trustee, a person with whom the Trustee shares a common interest such that he/she may reasonably be regarded as benefiting directly or indirectly from any material benefit received by that person, being either a member of the Trustee's family or household or a person or body who is a business associate of the Trustee, and (for the avoidance of doubt) does not include a company with which the Trustee's only connection is an interest consisting of no more than 1% of the voting rights;
"electronic means"
has the meaning given in Section 148 of the Act;

"indemnity insurance"
has the meaning set out in Schedule 11 of the Charities Act 2011;
"Member" or "Membership"
refer to membership of the Charity.  A Member is a   Member of the Charity;
"Minimum Shareholding"
means one Share or such other number of Shares as may be determined by the Trustees for the relevant class or issue of Shares or by the terms of any Share issue;
"month"
means a calendar month;
"Objects"
the Objects of the Charity as defined in Rule 3;
"person"
includes a natural, corporate and statutory person;
"qualifying trade"
means a trade which satisfies the requirements of HM Revenue and Customs' Venture Capital Schemes Manual;
"relevant loss"
means any loss or liability which has been or may be incurred by a Trustee in connection with that Trustee’s duties or powers in relation to the Charity including a successful defence of the Trustee or retired Trustee in criminal or civil proceedings for breach of duty;
“Relevant Authority”
the relevant regulator of financial services;
"Registered Office"
has the meaning set out in Rule 35;
"Rules"
the Charity’s Rules;
"Shares"
means shares in the share capital of the Charity;
"services"
has the meaning in Section 187 of the Charities Act but does not include services under a contract of employment;
"society"
A society under the Co-operative and Community Benefit Societies Act 2014;
"Trustee"
a director of the Charity, which includes any person occupying the position of director, by whatever name called;
"written" or "in writing"
refers to a legible document on paper including a fax message or in electronic form;
"year"
means a calendar year.

        36.2 References to an Act of Parliament are to that Act as amended or re-enacted from time to time and to any subordinate legislation made under it.
        36.3 The singular shall include the plural where the context requires.
        36.4 The masculine and feminine genders shall include the neuter gender.
We wish to form a Society under the above Rules
Signed by the Subscribing Members
Full Name in Block Capitals (no initials)
1………………………………
……………………………………….
2………………………………
……………………………………….
3………………………………
……………………………………….


Signed by the Secretary
Full Name in Block Capitals (no initials)
……………………….

Dated …………………