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Regine Humanics Foundation Ltd






Regine Humanics Foundation Ltd
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Regine Humanics Foundation Ltd: A Human Enterprise to Exist in the Current and Existing Legal Form of Social Enterprise


 

According to A Guide to Legal Forms of Social Enterprise, published by UK Government: Department for Business, Innovation and Skills bis.gov.uk: based at One Victoria Street, London SW1H 0ET: Tel: 020 7215 5000: Social Enterprise is: ''The term 'Social Enterprise' describes the purpose of a business, not its legal form. It is defined by Government as 'a business with, primarily, social objectives, whose surpluses are, principally, reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.''

Once, gone through the process of registering itself, Regine Humanics Foundation will begin life as such a Social Enterprise but it is, absolutely, social in this no 'surpluses' or income or profit is given out to anyone but are used and invested in the running of The Foundation in advancing its aims and objectives of social good aimed through all activities The Foundation shall undertake.

In this legal form, once, registered, The Foundation will be a Community Interest Company or CIC, which is, according to the same document, we are presenting this not as quote but as the gist, a Community Interest Company or CIC is a form of company, specifically, created for the social enterprise sector. The CIC form has been growing in popularity since its establishment in 2004. There are now over 5,500 registered CICs. CIC’s are required by law to have provisions in their articles of association to enshrine their social purpose, specifically, an ‘asset lock’, which restricts the transfer of assets out of the CIC, ultimately, to ensure that they continue to be used for the benefit of the community.

And there is a cap on the maximum dividend and interest payments it can make. CIC structure provides a clear signal to investors that the enterprise operates for the benefit of the community and that this social purpose is protected by proportionate regulation. A CIC, may, convert into a charity or into a Community Benefit Society or it, may, voluntarily, dissolve but, once established, it, may not, convert into a standard limited company. The CICs are registered and regulated by The Companies House.

Regine Humanics Foundation has stated all this in its Vision-Mission-Foundation Statement, including, this 'Asset Lock', which means that No one can change the nature of The Foundation and all the assets owned by Foundation will be given to a similar social enterprise, were The Foundation to be dissolved. 

 
 

 

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VII London Poetry Festival 2018: October 14-17

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regine Humanics Foundation Ltd is the First Ever Human Enterprise in the Sense of Humanics: A Social Enterprise: Not for Profit Company: No One Owns It or Takes Profit Out of It: The Foundation Works to Serve the Common Good of the One Common Humanity: Nor Can Anyone Change the Nature of The Foundation: The Foundation Aspires to Exist Flowing Through Time with the Ever-Developing, Ever-Progressing, Ever-Learning, Ever-Striving Humanity on Earth: The Nine-Step-Realm-Path: i: Imagination, ii. Prospectivity, iii: Tentativity, iv: Feasibility, v: Possibility, vi: Onwardineity, vii: Probability, viii: Certainty and ix: Reality: Humanics, Human Enterprise, Humanicsovics, Humanicsovicsopia, Humanical Society, The Humanion an all other ideas and concepts in all these and The Foundation began at Imagination and grew on travelling through this path and began 'becoming', which has now resulted in all these becoming a Reality: Regine Humanics Foundation Ltd has been founded on Humanics

 




Regine Humanics Foundation Ltd: Read Advertise and Support The Humanion Online UK Daily
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