Co-operative and Community Benefit Societies and Credit Unions Bill 2008-09
Progress of the Bill
Bill started in the House of Commons
- House of Commons
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- House of Lords
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-
- Royal Assent
Last event
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2nd Reading: House of Lords 10 July, 2009
|
10.07.2009
Latest Bill
| House | Bill | Date |
|---|---|---|
|
Bill as brought from the House of Commons on 15 June 2009 | PDF version, 96KB | 18.06.2009 |
Latest news on the Bill
During second reading of the Bill on 10 July, a wide-ranging discussion took place on issues including the rules by which co-operatives and mutuals are governed and the future of the sector.
Committee stage - line by line examination of the Bill - is yet to be scheduled.
Summary of the Bill
The purpose of the Bill is to reform the law governing industrial and provident societies.
Key areas
- Requires new industrial and provident societies other than credit unions to be registered as co-operative or community benefit societies
- Renames the Industrial and Provident Societies Acts
- Applies the Company Directors Disqualification Act 1986 to industrial and provident societies
- 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
- Gives the Treasury powers to make provisions for credit unions corresponding to provisions applying to building societies.
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Related information
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