Company law assignment ‘The general idea behind the Community Interest Companies (CIC) is to have available a custom made legal vehicle for community and social enterprises where the profits are to be made available for public work. However, a more focused Community Interest test is in place which has been said to make the implementation of such Companies impossible. Further, it has been said that the Regulator of CIC does not seem to have proper guidance as what constitutes a Community Interest Company.’ Do you agree with the above statement? Discuss. Substantiate your paper by making reference to the relevant provisions in the Companies Act 2006 and/or case law.