The Deregulation (Industrial and Provident Societies) Order 1996

UK Statutory Instrument 1996 No. 1738 — creates 1 criminal offence.

1offences created

0recorded in force

0revoked

Made: 3 July 1996
In force from: 1 September 1996
Extent: Not stated
Subject: Corporate, financial services, company law, employment, charity, electoral and tax
Made under: Friendly Societies Act 1974, Friendly and Industrial and Provident Societies Act 1968, Industrial and Provident Societies Act 1965, Industrial and Provident Societies Act 1967, Section 1 of the Deregulation and Contracting Out Act 1994, Section 3 of the Deregulation and Contracting Out Act 1994

Explanatory note

(This note is not part of the Order) — published with the instrument by the department that made it. © Crown copyright, reused under the Open Government Licence v3.0.

This Order amends the Industrial and Provident Societies Acts 1965 and 1967, the Friendly and Industrial and Provident Societies Act 1968 and the Friendly Societies Act 1974. Article 3 amends section 2(1) of the 1965 Act to reduce the minimum number of members required to form a society from seven to three, where the applicants are not solely corporate bodies; Article 4(1) amends section 2(2) of the 1965 Act to make it easier for federal societies to make application for registration. Currently up to nine signatures are required when a federal society applies for registration. In future only the secretary of each of two corporate members will be required to sign the application; also, societies which are founder members of a federal society need no longer send copies of their own rules to the Registrar— only the rules of the proposed federal society need be submitted; Article 4(2) amends section 10(1)(a) of the 1965 Act to make it easier for federal societies to register a change to their rules. Currently up to nine signatures are required when a federal society changes its rules. In future only the secretary of each of two corporate members will be required to sign the application; Article 5 amends section 39 of the 1965 Act to relax the requirement relating to the period for submission of the annual return so that all societies will have up to seven months for submitting their return; Article 6 amends section 43(1) of the 1974 Act by extending the date for submission by two months to 31 July so that all societies will have up to seven months for submitting their return; Article7 amends section 1(2) of the 1967 Act by extending the time limit for recording a charge against a society’s assets from 14 to 21 days and allows societies to submit late charges without a court order, subject to the protection of third parties; Articles 8 and 9 amend section 4 of the 1968 Act and section 39 of the 1965 Act and Articles 10 and 11 amend sections 30-33 and 40 of the 1974 Act to increase the audit thresholds for non-deposit taking industrial and provident societies and societies other than friendly societies registered under the 1974 Act to bring those societies into line with the provisions for private companies so that many more societies than at present will not be required to have a professional audit; Article 12 amends section 14 of the 1968 Act to remove the need for societies with subsidiaries, whose circumstances have not changed, to apply annually for exemption from the preparation of group accounts.

Offences created by this instrument

Registrar’s power to require accounts of past years to be audited article 39C(2) · Status not determined · Strict liability

What Parliament said about it

Contributions, debates and written statements mentioning this instrument by name. Parliamentary material is reused under the Open Parliament Licence v3.0.

Industrial And Provident Societies Commons · Commons Chamber · 22 May 1996
That the draft Deregulation (Industrial and Provident Societies) Order 1996, which was laid before this House on 22nd April, be approved.
Deregulation (Industrial And Provident Societies) Order 1996 Lords · Lords Chamber · 23 May 1996
Co-Operative Movement Commons · Commons Chamber · 17 July 1996 · The Economic Secretary to the Treasury (Mrs. Angela Knight)
I congratulate the hon. Member for Wolverhampton, North-East (Mr. Purchase) on raising this important subject. It has been a wide-ranging debate, and I suspect wider than many people who have no knowledge of the co-operative movement would have expected. It has become clear that not only is the co-operative movement well represented and very active throughout the country but there is a strong co-operative presence in the House. I also congratulate others who have taken part in the debate, including the right hon. Member for Manchester, Wythenshawe (Mr. Morris) and the hon. Members for…

How Parliament handled it

Parliament's Statutory Instruments service records procedure from May 2017 onwards, and this instrument predates it. That is a limit of the source, not a statement that nothing happened.

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