1. Is there a source of a draft memo and
arts for a company ltd by guarantee that would qualify under the
legislation?
YES - See Advice
Note 3 on Advice Page
NOTE
- you must seek Scottish Ministers' approval for your draft memo
and arts
BEFORE submitting an application. Please therefore treat this
task as a
priority since the Scottish Executive continue to be rather particular
about certain clauses.
2. How long is this process going to take?
This depends what stage of the process you
are at. Assuming that you have a good idea of what land you wish
to register, it will take you up to 3 to 4 weeks to set up the
Community Company receive approval for its memorandum and Articles
of Association. Concurrent with this you can begin to gather the
information you need to complete the Application Form. This may
take 4 weeks. If you are well organised you should be able to submit
an application within 4 - 6 weeks.
3. We think the owner of the land we are
interested in is about to put it on the market. What should be
do?
What have you been doing? Get a competent
Application submitted asap! If your application is not submitted
until after
the land
has been
put
up for sale, it will be treated as a "late registration". You will
then be required to meet additional, more onerous conditions and
the timescale for completing a possible acquisition will be shorter.