Co-operative and Community Benefit Societies and Credit Unions Act 2010

Provisions

• Industrial and Provident Societies will be either a Co-operative Society or a Community Benefit Society or a Pre-2010 Act Society.
• Like companies, organisations registered as societies under the Co-operative and Community Benefit Societies and Credit Unions Act 1965 will be subject to the Company Directors Disqualification Act 1986. Board or Management Committee members will be treated like company directors.
• Societies registered under the 1965 Act may be made subject to additional Companies Act 2006 provisions, following consultation, which may relate to: Investigations of companies, company names, dissolution and restoration to the register.
• Renames related acts including 'Industrial and Provident Societies Act 1965' to 'Co-operative and Community Benefit Societies and Credit Unions Act 1965'.

  Parliamentary process