Co-operative and Community Benefit Societies Act 2014

Housing and Regeneration Act 2008 (c. 17) E+W+S

121 E+W+S The Housing and Regeneration Act 2008 is amended as follows.

122 E+W+S For “an industrial and provident society” (in each place) substitute “ a registered society ”.

123 E+W+S For “industrial and provident society” (in each place except in section 275, in the entry for “industrial and provident society in section 276, or in the expression “an industrial and provident society”) substitute “registered society”.

124 E+W+S In section 79(1)(b) (English bodies) for “the Industrial and Provident Societies Act 1965” substitute “ the Co-operative and Community Benefit Societies Act 2014 ”.

125 (1) Section 134 (non-audited industrial and provident society) is amended as follows. E+W+S

(2) For subsection (2) substitute—

“(2) Section 85 of the Co-operative and Community Benefit Societies Act 2014 (“the 2014 Act”) (duty to obtain accountant's report) applies to the society as if subsection (1)(b) were omitted (accountant's report required only where turnover exceeds specified sum).”

(3) In subsection (3)(a) for the words from “section 4” to the end substitute “ section 83 of the 2014 Act (duty to appoint auditors) did not apply because of a resolution under section 84 of that Act (power to disapply auditing requirements), ”.

(4) For subsection (5) substitute—

“(5) Qualified auditor” and “year of account” have the same meaning as in Part 7 of the 2014 Act (for “year of account” see sections 77 and 78 of that Act).”

126 (1) Section 157 (extra powers of manager of industrial and provident society) is amended as follows. E+W+S

(2) In subsection (3) for “section 50 of the Industrial and Provident Societies Act 1965” substitute “ section 109 of the Co-operative and Community Benefit Societies Act 2014 ”.

(3) In subsection (4) for “sections 51 and 52 of the Industrial and Provident Societies Act 1965” substitute “ section 110 or 112 of the Co-operative and Community Benefit Societies Act 2014 ”.

127 E+W+S In section 161(2) (company: conversion into industrial and provident society) for “section 53 of the Industrial and Provident Societies Act 1965” substitute “ section 115 of the Co-operative and Community Benefit Societies Act 2014 ”.

128 E+W+S In section 163 (industrial and provident society: restructuring) for subsection (3) substitute—

“(3) The following provisions of the Co-operative and Community Benefit Societies Act 2014 are the restructuring provisions—

(a) section 109 (amalgamation of societies);

(b) section 110 (transfer of engagements between societies);

(c) section 112 (conversion of society into a company etc).”

129 E+W+S In section 164(3) (industrial and provident society: winding up) for “section 55 of the Industrial and Provident Societies Act 1965” substitute “ section 123 of the Co-operative and Community Benefit Societies Act 2014 ”.

130 (1) Section 165 (industrial and provident society: dissolution) is amended as follows. E+W+S

(2) In subsection (1)(b) for “section 58 of the Industrial and Provident Societies Act 1965.” substitute “ section 119 of the Co-operative and Community Benefit Societies Act 2014. ”

(3) In subsection (2)—

(a) for “section 58(5)” substitute “ section 121 ”;

(b) for “section 58(6)” substitute “ section 122 ”.

131 (1) Section 167 (transfer of property) is amended as follows. E+W+S

(2) In subsection (1)(a) for “section 55(a) or (b) of the Industrial and Provident Societies Act 1965” substitute “ section 119 or 123 of the Co-operative and Community Benefit Societies Act 2014 ”.

(3) In subsection (5)—

(a) omit paragraph (a);

(b) at the end of paragraph (c) (before the “or”) insert—

“(ca) the Co-operative and Community Benefit Societies Act 2014,”.

132 E+W+S In section 212(6) (industrial and provident societies: change of rules) for “section 10(1) of the Industrial and Provident Societies Act 1965” substitute “ section 16(2) of the Co-operative and Community Benefit Societies Act 2014 ”.

133 E+W+S In section 255(4) (amalgamation) for “section 50 of the Industrial and Provident Societies Act 1965” substitute “ section 109 of the Co-operative and Community Benefit Societies Act 2014 ”.

134 E+W+S In section 270 (meaning of “officer”) for “section 74 of the Industrial and Provident Societies Act 1965” substitute “ section 149 of the Co-operative and Community Benefit Societies Act 2014 ”.

135 E+W+S In section 271(4) (meaning of “subsidiary” and “associate”) for “the Friendly and Industrial and Provident Societies Act 1968” substitute “ Part 7 of the Co-operative and Community Benefit Societies Act 2014 ”.

136 E+W+S In section 275 (general)—

(a) omit the definition of “industrial and provident society”;

(b) in the appropriate place insert—

“ “registered society” has the same meaning as in the Co-operative and Community Benefit Societies Act 2014,”.

137 E+W+S In section 276 (index of defined terms)—

(a) omit the entry for “industrial and provident society”;

(b) in the appropriate place insert—

“Registered society

Section 275”