Co-operative and Community Benefit Societies and Credit Unions Bill
In progressCurrently at: 2nd reading in the Lords.
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Long title
To make provision for societies to be registered as co-operative or community benefit societies and to re-name the Industrial and Provident Societies Acts; to apply to registered societies the provisions relating to directors’ disqualification and to make provision for the application of certain other enactments relating to companies; to confer power to make provision for credit unions corresponding to any provision applying to building societies; and for connected purposes.
Summary
<p>The purpose of the Bill is to reform the law governing industrial and provident societies.</p><p><strong>Key areas</strong></p><ul><li>Requires new industrial and provident societies other than credit unions to be registered as co-operative or community benefit societies </li><li>Renames the Industrial and Provident Societies Acts</li><li>Applies the Company Directors Disqualification Act 1986 to industrial and provident societies</li><li>Gives the Treasury powers to apply company law on investigation of companies, company names and dissolution and restoration to the register to industrial and provident societies </li><li>Gives the Treasury powers to make provisions for credit unions corresponding to provisions applying to building societies.</li></ul>
Progress through Parliament
- 1st reading· Commons
21 January 2009 – 21 January 2009
- 2nd reading· Commons
24 April 2009 – 24 April 2009
- Committee stage· Commons
10 June 2009 – 10 June 2009
- Report stage· Commons
12 June 2009 – 12 June 2009
- 3rd reading· Commons
12 June 2009 – 12 June 2009
- 1st reading· Lords
15 June 2009 – 15 June 2009
- 2nd reading· Lords
10 July 2009 – 10 July 2009
Source: UK Parliament Bills API. Bill ID: 404.