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The Deregulation (Industrial and Provident Societies) Order 1996
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3.—(1) In section 2(1) of the 1965 Act (registration of society) in paragraphs (a) (minimum number of members for registration) and (b) (minimum number of members to sign application for registration) for “seven” there shall be substituted “three”.
(2) In consequence of paragraph (1) of this Article—
(a)in section 16(1)(a)(i) of the 1965 Act (cancellation of registration of a society when the number of members falls below the specified minimum), and
(b)in section 6(1) of the 1979 Act (minimum number of members of a credit union ), for “seven” there shall be substituted “three”.
(3) In section 53(2) of the 1965 Act (conversion of company into registered society) for “seven” there shall be substituted “three”.
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