Industrial and Provident Societies Act 1965 (repealed)

Registered societies

Societies which may be registered

1

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Registration of society

2

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Registration to effect incorporation of society with limited liability

3

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Existing societies deemed to be registered

4

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Name and maximum shareholding

Name of society

5

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Maximum shareholding in society

6

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Operations of registered society

Carrying on of banking by societies

7

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Saving for rights of creditors.

8

Provisions as to rules

Acknowledgment of registration of rules

9

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Amendment of registered rules

10

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Rules as to fund for purchase of government securities

11

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Rules of agricultural, horticultural or forestry society

12

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Supplementary provisions as to rules

13

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Rules to bind members

14

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Provision of copies of rules

15

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Cancellation, suspension or refusal of registration of society or rules

Cancellation of registration of society

16

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Suspension of registration of society

17

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Appeal from refusal, cancellation or suspension of registration of society or rules

18

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Membership and special provisions affecting members

Bodies corporate as members of society

19

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Members under 21

20

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Advances to members

21

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Remedy for debts from members

22

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Nomination to property in society

23

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Proceedings on death of nominator

24

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Provision for intestacy

25

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Payments in respect of mentally incapable persons

26

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Validity of payment to persons apparently entitled

27

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Contracts, property, et ceteralaetc., of society

Promissory notes and bills of exchange

28

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Contracts

29

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Holding of land

30

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Investments

31

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Proxy voting by societies

32

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Discharge of mortgages in England and Wales

33

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Discharge of securities in Scotland

34

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Receipt on payment of moneys secured to a society

35

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Execution of deeds in Scotland

36

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Accounts, et ceteralaetc.

Audit of accounts

37

Appointment of approved auditors

38

• (1) The Treasury shall appoint persons to be approved auditors for the purposes of this Act and may determine the rates of remuneration to be paid by registered societies for the services of such auditors.

• (2) Subject to subsection (3) of this section no person shall be qualified to be appointed an approved auditor under the foregoing subsection unless he is a member of one or more of the following bodies, namely—

• (a) the Institute of Chartered Accountants in England and Wales;

• (b) the Institute of Chartered Accountants of Scotland ;

• (c) the Association of Certified and Corporate Accountants ;

• (d) the Institute of Chartered Accountants in Ireland ;

• (e) any other body of accountants established in the United Kingdom and for the time being recognised for the purposes of section 161(1)(a) of the Companies Act 1948 by the Board of Trade.

• (3) Nothing in subsection (2) of this section shall affect the qualification for appointment under subsection (1) of this section of a person who was an approved auditor for the purposes of the Act of 1893 on 30th June 1948.

Annual returns

39

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Display of latest balance sheet

40

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Officers, receivers, et ceteralaetc.

Security by officers

41

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Duty of officers of society to account

42

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Duties of receiver or manager of society's property

43

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Registers, books, et ceteralaetc.

Register of members and officers

44

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Restriction on inspection of books

45

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Inspection of books by members, etc.

46

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Inspection of books by order of registrar

47

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Production of documents and provision of information for certain purposes

48

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Appointment of inspectors and calling of special meetings

49

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Amalgamations, transfers of engagements and conversions

Amalgamation of societies

50

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Transfer of engagements between societies

51

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Conversion into, amalgamation with, or transfer of engagements to company

52

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Conversion of company into registered society

53

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Saving for rights of creditors

54

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Dissolution of society

Dissolution of registered society

55

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Power of registrar to petition for winding up

56

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Liability of members in winding up

57

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Instrument of dissolution

58

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Special restriction on dissolution, et ceteralaetc.

Restriction on dissolution or cancellation of registration of society

59

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Disputes, offences and legal proceedings

Decision of disputes

60

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General offences by societies, etc.

61

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Offences by societies to be also offences by officers, etc.

62

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Continuing offences

63

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Punishment of fraud or misappropriation

64

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Penalty for falsification

65

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Institution of proceedings

66

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Recovery of costs etc.

67

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Service of process

68

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Miscellaneous and general

Remuneration of county court registrars

69

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Fees

70

Regulations

71

Form, deposit and evidence of documents

72

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Registrars, central office, etc.

73

Interpretation—general

74

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Channel Islands

75

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Northern Ireland societies

76

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Repeals and savings

77

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Short title, extent and commencement

78

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SCHEDULE 1

1

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2

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3

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4

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5

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6

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7

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8

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9

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10

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11

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12

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13

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14

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SCHEDULE 2

1

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2

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3

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SCHEDULE 3

Part I

Forms applicable in England and Wales

Part II

Forms applicable in Scotland

SCHEDULE 4

Part I

Forms applicable in England, Wales and the Channel Islands

Part II

Form applicable in Scotland Form C

SCHEDULE 5

Registration of society.

70A

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Form A

Form applicable in Scotland

Editorial notes

[^c7138261]: This version of this provision extends to Scotland and the Channel Islands only; a separate version has been created for England and Wales only.

[^c7138271]: 1875 c. 83 .

[^c7138281]: Words substituted by Building Societies Act 1986 (c. 53, SIF 16) , s. 120 , Sch. 18 para. 6

[^c7138291]: 1961 c. 62 .

[^key-9c9ab52cad173f3ef171ac4d806ec79c]: S. 31(a) extended (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633) , reg. 1(1) , Sch. 2 para. 14(b)

[^key-34c362397c3355edb42a2aea3f55402b]: Act repealed (1.8.2014 immediately after the Co-operative and Community Benefit Societies and Credit Unions Act 2010 came into force) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 7 (with Sch. 5) (Act previously amended (1.8.2014) by Co-operative and Community Benefit Societies and Credit Unions Act 2010 (c. 7), ss. 1, 8(2); S.I. 2014/183, art. 3)

Status of charitable societies to appear on correspondence etc

29A

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Execution of documents: Scotland.

29B

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Methods for execution of documents: England and Wales .

29C

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Execution of documents: Scotland.

29D

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Power of society to have official seal for use abroad.

29E

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Effect of use of official seal .

29F

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Authorisation of use of official seal .

29G

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Holding of land.

Repeals and savings.

Form A

5A

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Maximum shareholding in society.

Capacity of society and power of committee to bind it

Capacity of society not limited by its rules .

7A

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Power of committee to bind society .

7B

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No duty to enquire as to capacity of society or authority of committee.

7C

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Application of sections 7A and 7B to charitable societies .

7D

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Transactions with committee members and other persons in excess of powers .

7E

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Definitions relating to section 7E .

7F

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Provision for intestacy.

Common seal.

Methods for execution of documents: England and Wales .

Execution of documents: Scotland.

Power of society to have official seal for use abroad.

Effect of use of official seal .

Authorisation of use of official seal .

Effect of use of official seal .

Proxy voting by societies.

Authorisation of use of official seal .

Conversion of company into registered society.

Repeals and savings.

Form A

Investments.

Holding of land.

Receipt on payment of moneys secured to a society.

Display of latest balance sheet.

Security by officers.

Repeals and savings.

Form A

Provision for intestacy.

Amendment of registered rules.

Methods for execution of documents: England and Wales .

Execution of documents: Scotland.

Power of society to have official seal for use abroad.

Execution of documents: Scotland.

Power of society to have official seal for use abroad.

Investments.

Holding of land.

Discharge of securities in Scotland.

Execution of deeds in Scotland.

Security by officers.

Display of latest balance sheet.

Display of latest balance sheet.

The Limited hereby acknowledges to have received all moneys intended to be secured by the [within (or above) written] [annexed] deed [and by a further charge dated, etc.,or otherwise as required].

Transactions with committee members and other persons in excess of powers .

Definitions relating to section 7E .

Provision for intestacy.

Validity of payment to persons apparently entitled.

Common seal.

Methods for execution of documents: England and Wales .

Execution of documents: Scotland.

Power of society to have official seal for use abroad.

Effect of use of official seal .

Authorisation of use of official seal .

Proxy voting by societies.

Discharge of securities in Scotland.

Receipt on payment of moneys secured to a society.

Conversion of company into registered society.

Repeals and savings.

Form A

Definitions relating to section 7E .

Amendment of registered rules.

Promissory notes and bills of exchange.

Common seal.

Validity of payment to persons apparently entitled.

Execution of documents: Scotland.

Power of society to have official seal for use abroad.

Effect of use of official seal .

Authorisation of use of official seal .

Discharge of mortgages in England and Wales.

Proxy voting by societies.

Execution of deeds in Scotland.

Northern Ireland societies.

Short title, extent and commencement.

The Limited hereby acknowledges to have received all moneys intended to be secured by the [within (or above) written] [annexed] deed [and by a further charge dated, etc.,or otherwise as required].

Carrying on of banking by societies.

Capacity of society not limited by its rules .

Power of committee to bind society .

No duty to enquire as to capacity of society or authority of committee.

Application of sections 7A and 7B to charitable societies .

Transactions with committee members and other persons in excess of powers .

Definitions relating to section 7E .

Amendment of registered rules.

Provision for intestacy.

Proceedings on death of nominator.

Common seal.

Methods for execution of documents: England and Wales .

Execution of documents: Scotland.

Effect of use of official seal .

Authorisation of use of official seal .

Investments.

Discharge of mortgages in England and Wales.

Discharge of securities in Scotland.

Execution of deeds in Scotland.

Receipt on payment of moneys secured to a society.

72A

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Meaning of “electronic form”, “by electronic means” etc.

74A

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Repeals and savings.

Form A

Year of account (existing registrations)

39A

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39B

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Conversion of company into registered society.

Power of registrar to petition for winding up.

Meaning of “electronic form”, “by electronic means” etc.

Repeals and savings.

Form A

Carrying on of banking by societies.

Capacity of society not limited by its rules .

Power of committee to bind society .

No duty to enquire as to capacity of society or authority of committee.

Application of sections 7A and 7B to charitable societies .

Transactions with committee members and other persons in excess of powers .

Definitions relating to section 7E .

Validity of payment to persons apparently entitled.

Common seal.

Methods for execution of documents: England and Wales .

Power of society to have official seal for use abroad.

Authorisation of use of official seal .

Discharge of securities in Scotland.

Receipt on payment of moneys secured to a society.

Year of account (existing registrations)

Saving for rights of creditors.

Liability of members in winding up.

Channel Islands.

Short title, extent and commencement.

The Limited hereby acknowledges to have received all moneys intended to be secured by the [within (or above) written] [annexed] deed [and by a further charge dated, etc.,or otherwise as required].

Display of latest balance sheet.

Register of members and officers.

Conversion of company into registered society.

Power of FCA and PRA to petition for winding up.

Liability of members in winding up.

General offences by societies, etc.

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Meaning of “electronic form”, “by electronic means” etc.

Repeals and savings.

Form A

Suspension of registration of society.

Proceedings on death of nominator.

Common seal.

Methods for execution of documents: England and Wales .

Execution of documents: Scotland.

Power of society to have official seal for use abroad.

Effect of use of official seal .

Holding of land.

Proxy voting by societies.

Discharge of securities in Scotland.

Year of account (existing registrations)

Display of latest balance sheet.

Floating charge holder not to appoint administrative receiver

43A

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Conversion of company into registered society.

Power of FCA and PRA to petition for winding up.

Liability of members in winding up.

General offences by societies, etc.

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Meaning of “electronic form”, “by electronic means” etc.

Repeals and savings.

Form A

4A

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Name of society.

Maximum shareholding in society.

Capacity of society not limited by its rules .

Power of committee to bind society .

No duty to enquire as to capacity of society or authority of committee.

Application of sections 7A and 7B to charitable societies .

Transactions with committee members and other persons in excess of powers .

Definitions relating to section 7E .

Acknowledgment of registration of rules.

Common seal.

Methods for execution of documents: England and Wales .

Power of society to have official seal for use abroad.

Effect of use of official seal .

Authorisation of use of official seal .

Holding of land.

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Channel Islands.

Northern Ireland societies.

Repeals and savings.

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