Decision details

Shareholder Actions - RBBC Housing - Independent Living re AGM

Decision Maker: Commercial Ventures Executive Sub-Committee

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Purpose:

RBBC Housing - Independent Living, the Council's Community Benefit Societies' Annual General Meeting

Decision:

RESOLVED, as shareholder representative for Reigate and Banstead Borough Council, in respect of RBBC Housing – Independent Living:

      i.         To note that an annual general meeting (AGM) for RBBC Housing – Independent Living was required to be held within six calendar months after the close of its financial year and consent to short notice of that AGM and authorise the Portfolio Holder for Investment and Companies to sign on behalf of Reigate & Banstead Borough Council, the Consent to Short Notice letter (Annex A);

     ii.         To vote in favour of the following resolutions being proposed at RBBC Housing – Independent Living’s AGM, as set out in Notice of AGM (Annex B):

a.    In light of RBBC Housing – Independent Living’s zero turnover and assets, to exercise the power under section 84 of the Co-operative and Community Benefit Societies Act 2014 (the Act) to disapply section 83 of the Act and remove the duty to appoint an auditor for the financial year ended 31 March 2021.

b.    To receive and adopt RBBC Housing – Independent Living’s unaudited Financial Statements for the period ended 31 March 2021 (Annex C).

c.     To receive and adopt the Directors’ report on the affairs of RBBC Housing – Independent Living (Annex D).

d.    The dissolution of RBBC Housing – Independent Living be approved.

e.    THAT, pursuant to and in accordance with Article G12 of the RBBC Housing – Independent Living’s rules and Section 119 of the Cooperative and Community Benefit Societies Act 2014 (“the Act”) the instrument of dissolution in the format prescribed by the FCA and containing all information required by section 119(2) of the Act to be further endorsed by at least three fourths of the Members to testify their consent to the dissolution of the Association (ANNEX E set out in the Exempt part of the report) be approved; and

    iii.         The Portfolio Holder for Investment and Companies as the Corporate Representative for Reigate and Banstead Borough Council to attend and vote on the above resolutions at the RBBC Housing – Independent Living AGM be approved.

Corporate Priorities : A great council.;

Wards Affected: (All Wards);

Contact: Kirsty Jane Hill, Democratic Services Officer Email: Kirsty.J.Hill@reigate-banstead.gov.uk Tel: 01737 276749.

Report author: Kirsty Jane Hill

Publication date: 07/10/2021

Date of decision: 30/09/2021

Decided at meeting: 30/09/2021 - Commercial Ventures Executive Sub-Committee

Accompanying Documents: