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Community Benefit Society
An industrial and provident society (IPS) is a body corporate registered for carrying on any industries, businesses, or trades specified in or authorised by its rules. The members of a society benefit from the protection of limited liability much like other corporate forms, but unlike companies for example, each member will normally only have one vote at a General Meeting regardless of their shareholding. The governance of a society is therefore democratically oriented rather than financially oriented. The legal form originated in the United Kingdom of Great Britain and Ireland and became the traditional legal form taken by trading organisations with democratic governance including: * co-operatives (which trade for the benefit of their members); * societies for the benefit of the community (which trade for the benefit of the broader community). In Great Britain the Co-operative and Community Benefit Societies Act 2014 has renamed these societies as ''co-operative or communi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Body Corporate
In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on. The reason for the term "''legal'' person" is that some legal persons are not people: companies and corporations are "persons" legally speaking (they can legally do most of the things an ordinary person can do), but they are not people in a literal sense. There are therefore two kinds of legal entities: human and non-human. In law, a human person is called a ''natural person'' (sometimes also a ''physical person''), and a non-human person is called a ''juridical person'' (sometimes also a ''juridic'', ''juristic'', ''artificial'', ''legal'', or ''fictitious person'', la, persona ficta). Juridical persons are entities such as corporations, firms (in some jurisdictions), and many government agencies. They are treated in law as if they were persons. Whil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Co-operative And Community Benefit Societies Act 2003
The Co-operatives and Community Benefit Societies Act 2003 (c.15) was an Act of the Parliament of the United Kingdom that received Royal Assent. It was repealed in full in 2014 by the Co-operative and Community Benefit Societies Act 2014. See also * Co-operative and Community Benefit Societies Act 2014 * Co-operative and Community Benefit Societies and Credit Unions Act 2010 * Industrial and provident society An industrial and provident society (IPS) is a body corporate registered for carrying on any industries, businesses, or trades specified in or authorised by its rules. The members of a society benefit from the protection of limited liability ... References {{Co-operatives United Kingdom Acts of Parliament 2003 Co-operatives in the United Kingdom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RLLMUK
RLLMUK is an internet discussion forum that primarily contains discussion about video games, although many other topics of discussion have developed over the years. It was founded in 2003 by Rob Purnell, in response to the closure of the Edge discussion forums. The initial folder structure, moderator list, and rules were heavily influenced by those on the Edge forums. The site is considered to be "one of the largest and most varied video games forums" and has a UK and European focus to its postings. Incorporation In mid-2009, Rob Purnell stated that he wished to step down from running the server, and sought bids from others to take on the forum. After considering a number of bids, a consortium led by Graham Stock was chosen. This consortium aimed to run the forum as a community-owned website, and set out to raise funds for this to happen. By March 2010, the community had been registered as an industrial and provident society and had raised sufficient funds to ensure its futu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manchester United Supporters' Trust
Manchester United Supporters' Trust (formerly Shareholders United) is the official supporters' trust of Manchester United F.C., as recognised by Supporters Direct. The group, like other supporters' trusts, seeks to strengthen the influence of supporters over the destiny of their clubs through democratic supporter ownership. With a membership of over 200,000, it is the largest supporters' trust in the United Kingdom. MUST's members hope to be able to pool their funds to buy a meaningful stake in the club at a future date if the opportunity arises. Origin The group was founded in 1998 as 'Shareholders United Against Murdoch', to stop a proposed takeover by Australian-American media tycoon Rupert Murdoch. His bid for control of the club was blocked by the Monopolies and Mergers Commission. The group then changed its name simply to Shareholders United and continued its efforts to encourage supporters to own shares in the then publicly traded club. Response to Glazer takeover In 2004 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fordhall Farm
Fordhall Farm is an organic farm of 128 acres, in Market Drayton in north Shropshire, England. It is owned by an industrial and provident society, the Fordhall Community Land Initiative (FCLI), whose aim is to use the farm for community benefit. The farm became a cause célèbre in 2005, when a campaign to raise funds for FCLI to purchase the land gained national press attention. Within the boundaries of the farm are the remains (earthworks) of Fordhall castle, a scheduled Norman ringwork-and- bailey castle. History The ringwork was first noted as recently as 1950, although the name of its location, Castlehill Wood, certainly predates the 20th century. The ringwork has been identified with Moretoin Castle, attested in 1215 and possibly the castle mentioned by the antiquary Leland as 'Draiton apon Terne'. It is a monument scheduled under the Ancient Monuments and Archaeological Areas Act 1979 ("Ringwork and bailey castle 390m west of Buntingsdale Hall, List entry Num ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hull United A
Hull may refer to: Structures * Chassis, of an armored fighting vehicle * Fuselage, of an aircraft * Hull (botany), the outer covering of seeds * Hull (watercraft), the body or frame of a ship * Submarine hull Mathematics * Affine hull, in affine geometry * Conical hull, in convex geometry * Convex hull, in convex geometry ** Carathéodory's theorem (convex hull) * Holomorphically convex hull, in complex analysis * Injective hull, of a module * Linear hull, another name for the linear span * Skolem hull, of mathematical logic Places England * Hull, the common name of Kingston upon Hull, a city in the East Riding of Yorkshire ** Hull City A.F.C., a football team ** Hull FC, rugby league club formed in 1865, based in the west of the city ** Hull Kingston Rovers (Hull KR), rugby league club formed in 1882, based in the east of the city ** Port of Hull ** University of Hull * River Hull, river in the East Riding of Yorkshire Canada * Hull, Quebec, a settlement opposite Ottawa, n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Broadband 4 Rural North
Broadband for the Rural North (B4RN, read as "BARN") is a community-led project to bring high-speed broadband Internet connectivity to domestic FTTH and business properties in rural Lancashire, Cumbria, Allen Valleys (North Pennines), Cheshire, Norfolk & Suffolk in England. It functions as an Internet service provider. The first homes, in Quernmore, were connected in 2012. Others, in Arkholme-with-Cawood, were next. Tests on the network quoted in February 2013 showed an download speed of over 917Mbit/s and upload speed of 530Mbit/s. UK regulator Ofcom cited a national average upload speed of 12.7Mbit/s at the time. Broadband for the Rural North Limited was registered as a Community Benefit Society within the Industrial and Provident Societies Act 1965 (IPS) on 15 August 2011, and is regulated by the Financial Services Authority (Registration number 31352R). It was formed to raise funds from the sale of shares to own and operate the network. However, much of the labour to dig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Adequacy
A capital requirement (also known as regulatory capital, capital adequacy or capital base) is the amount of capital a bank or other financial institution has to have as required by its financial regulator. This is usually expressed as a capital adequacy ratio of equity as a percentage of risk-weighted assets. These requirements are put into place to ensure that these institutions do not take on excess leverage and risk becoming insolvent. Capital requirements govern the ratio of equity to debt, recorded on the liabilities and equity side of a firm's balance sheet. They should not be confused with reserve requirements, which govern the assets side of a bank's balance sheet—in particular, the proportion of its assets it must hold in cash or highly-liquid assets. Capital is a source of funds not a use of funds. Regulations A key part of bank regulation is to make sure that firms operating in the industry are prudently managed. The aim is to protect the firms themselves, their custom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prospectus (finance)
{{unreferenced, date=October 2015 A prospectus, in finance, is a disclosure document that describes a financial security for potential buyers. It commonly provides investors with material information about mutual funds, stocks, bonds and other investments, such as a description of the company's business, financial statements, biographies of officers and directors, detailed information about their compensation, any litigation that is taking place, a list of material properties and any other material information. In the context of an individual securities offering, such as an initial public offering, a prospectus is distributed by underwriters or brokerages to potential investors. Today, prospectuses are most widely distributed through websites such as EDGAR and its equivalents in other countries. United States In a securities offering in the United States, a prospectus is required to be filed with the Securities and Exchange Commission (SEC) as part of a registration statement. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ownership Equity
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Ownership
Common ownership refers to holding the assets of an organization, enterprise or community indivisibly rather than in the names of the individual members or groups of members as common property. Forms of common ownership exist in every economic system. Common ownership of the means of production is a central goal of communist political movements as it is seen as a necessary democratic mechanism for the creation and continued function of a communist society. Advocates make a distinction between ''collective ownership'' and ''common property'' as the former refers to property owned jointly by agreement of a set of colleagues, such as producer cooperatives, whereas the latter refers to assets that are completely open for access, such as a public park freely available to everyone. Christian societies The first church in Jerusalem shared all their money and possessions (Acts of the Apostles 2 and 4). Inspired by the Early Christians, many Christians have since tried to follow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company Limited By Shares
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Northern Ireland, Scotland, certain Commonwealth countries, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company. "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but its shares may not be offered to the general public and therefore cannot be traded on a public stock exchange. This is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
