Co-operative and Community Benefit Societies Act 2014 (c. 14)

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Version status: In force | Document consolidation status: Updated to reflect all known changes

Published date: 14 May 2014

Consolidation Status: Updated to reflect all known changes

Comparing proposed amendment...


	Introductory Text
	Part 1 Registration (ss. 1-9)
	Introduction (s. 1)
In force	1. Meaning of "registered society"
	Registration (ss. 2-4)
In force	2. Societies that may be registered
In force	3. Registration
In force	4. Registration etc: special cases
	Cancellation of registration (ss. 5-7)
In force	5. Cancellation of registration: conditions for cancellation
In force	6. Cancellation of registration: procedure and effect
In force	7. Cancellation of registration: additional procedure in cases involving condition D
	Suspension of registration (s. 8)
In force	8. Suspension of registration
	Appeals (s. 9)
In force	9. Appeal against refusal to register or cancellation or suspension of registration
	Part 2 Name, rules, powers etc (ss. 10-29)
	Name and charitable status (ss. 10-13)
In force	10. A society's name
In force	11. Registered name to be displayed and used
In force	12. Charitable status to appear on documents etc
In force	13. Change of name
	Rules: general (ss. 14-18)
In force	14. Content of a society's rules
In force	15. Rules to bind members
In force	16. Amendment of rules
In force	17. Appeal against refusal to register amendment of rules
In force	18. Duty to provide copy of rules on demand
	Rules: supplementary provisions (ss. 19-23)
In force	19. Provision of rules with intent to mislead or defraud
In force	20. Creation of offences by a society's rules
In force	21. Rules as to fund for purchase of government securities
In force	22. Rules of agricultural, horticultural or forestry society may provide for loans without security
In force	23. Supplementary provisions as to rules
	Maximum shareholding (ss. 24-25)
In force	24. Maximum interest in a society's withdrawable shares
In force	25. Power to amend limit in section 24
	Power to hold land (s. 26)
In force	26. Power to hold land etc
	Power to invest etc (ss. 27-28)
In force	27. Power to invest
In force	28. Proxy voting by societies
	Power to restrict use of assets (s. 29)
In force	29. Power to restrict use of assets of a community benefit society
	Part 3 Members and officers (ss. 30-42)
	Register of members and officers (ss. 30-33)
In force	30. Register of members and officers
	Provisions about certain kinds of member etc
In force	31. Members under 18
In force	32. Bodies corporate may be members
In force	33. Society a member of another society: references to members making and signing documents etc
	Dealings with members (ss. 34-36)
In force	34. Advances to members
In force	35. Remedies for members' debts
In force	36. Payments in respect of persons lacking capacity
	Distribution of member's property in society on death (ss. 37-40)
In force	37. Nomination by member of entitlement to property in society on member's death
In force	38. Section 37: variation and revocation of nominations
In force	39. Section 37: procedure on death
In force	40. Death of member: distribution of property not exceeding £5,000
	Officers and employees in charge of money etc (ss. 41-42)
In force	41. Security to be given by certain officers
In force	42. Duty of certain officers and employees to account
	Part 4 A Society's capacity and related matters (ss. 43-58)
	Capacity of society and power of committee to bind it (ss. 43-49)
In force	43. Capacity of a society and relationship with its rules
In force	44. Special resolutions under section 43
In force	45. Power of committee to bind society
In force	46. No duty to enquire as to capacity of society or authority of committee
In force	47. Application of sections 43 and 45 to charitable societies
In force	48. Transactions with committee members etc in excess of powers
In force	49. Section 48: definitions
	Seals (ss. 50-52)
In force	50. Common seal
In force	51. Power of society to have official seal for use abroad
In force	52. Authorisation of use of official seal
	Execution of documents (ss. 53-56)
In force	53. Methods for execution of documents: England and Wales
In force	54. Method for execution of contracts under seal: England and Wales
In force	55. Execution of documents: Scotland
In force	56. Execution of documents: presumption of validity of officer's signature
	Other matters (ss. 57-58)
In force	57. Contracts, deeds and obligations made before registration of society
In force	58. Bills of exchange and promissory notes
	Part 5 Charges over a society's assets (ss. 59-66)
	Chapter 1 Charges: England And Wales (ss. 59-61)
In force	59. Charges on assets of English and Welsh societies
In force	60. Section 59: power to extend time for making application or to rectify errors
In force	61. Notification of transactions relating to charges recorded under section 59
	Chapter 2 Charges: Scotland (ss. 62-64)
In force	62. Floating charges created by Scottish societies
In force	63. Filing of information relating to charges created by virtue of section 62
In force	64. Notification of charges etc: Scotland
	Chapter 3 Receiver or manager of society's property (ss. 65-66)
In force	65. English and Welsh societies: restriction on appointment of administrative receiver
In force	66. Duty to account etc of receiver or manager of a society's property
	Part 6 Banking and lending by societies (ss. 67-74)
	Banking (ss. 67-70)
In force	67. Registered society with withdrawable share capital not to carry on banking etc
In force	68. Power to amend figures in section 67(2)
In force	69. Society carrying on banking must display statement
In force	70. Section 69: form of statement
	Discharge of charges securing lending by a registered society (ss. 71-74)
In force	71. Discharge of mortgages of property in England and Wales
In force	72. Discharge of securities: land in Scotland
In force	73. Discharge of securities: other property in Scotland
In force	74. Receipt on payment of moneys secured to a society
	Part 7 Accounts, audit and annual returns (ss. 75-102)
	Books of account (ss. 75-76)
In force	75. Duty to keep books of account etc
In force	76. Form of books of account
	Year of account (ss. 77-78)
In force	77. Year of account: societies registered on or after 8 January 2012
In force	78. Year of account: societies registered on or before 7 January 2012
	Accounts and balance sheets (ss. 79-82)
In force	79. Duty to prepare revenue accounts
In force	80. Accounts and balance sheets to give a true and fair view
In force	81. Duty to display latest balance sheet at registered office
In force	82. Restrictions on publication of accounts and balance sheets
	Auditing of accounts etc (ss. 83-88)
In force	83. Duty to appoint auditors
In force	84. Power of certain societies to disapply section 83
In force	85. Duty to obtain report in certain cases where section 83 is disapplied
In force	86. Power to require accounts etc for past years to be audited by qualified auditor
In force	87. Auditors: content of report and powers
In force	88. Persons appointed under section 82 or 85: powers etc
	Annual returns (ss. 89-90)
In force	89. Annual returns
In force	90. Duty to provide copy of annual return on demand
	Auditors (ss. 91-97)
In force	91. Meaning of "qualified auditor"
In force	92. Persons ineligible for appointment as auditors etc
In force	93. Re-appointment and removal of qualified auditors
In force	94. Resolutions relating to appointment or removal of auditors
In force	95. Resolutions relating to auditors: auditors' representations
In force	96. Section 95: provision of auditor's representations by making available on website
In force	97. Remuneration of qualified auditors
	Group accounts (98-99)
In force	98. Group accounts
In force	99. Section 98: exceptions
	Interpretation of Part 7 (ss. 100-102)
In force	100. Meaning of company being a "subsidiary" of a society
In force	101. Meaning of society being a "subsidiary" of another society
In force	102. Interpretation of Part 7
	Part 8 Inspection and Investigations (ss. 103-108)
	Power to inspect books etc (ss. 103-105)
In force	103. Power of members etc to inspect own account and society's register
In force	104. Power of society to make rules authorising inspection of books
In force	105. Power of FCA to appoint accountant or actuary to inspect a society's books
	Inspectors and special meetings (ss. 106-107)
In force	106. Appointment of inspectors and calling of special meetings
In force	107. Section 106: examinations and special meetings
	General restriction on inspection (s. 108)
In force	108. General restriction on inspection of books
	Part 9 Amalgamations, conversions, dissolution etc (ss. 109-126)
	Amalgamations and transfers of engagements between societies (ss. 109-111)
In force	109. Amalgamation of societies
In force	110. Transfer of engagements between societies
In force	111. Special resolutions under section 109 or 110
	Conversion of society into company etc (ss. 112-114)
In force	112. Conversion of society into a company, amalgamation with a company etc
In force	113. Special resolutions under section 112
In force	114. Conversion of society into a company: supplementary
	Conversion of company into society (ss. 115-117)
In force	115. Conversion of company into a registered society
In force	116. Conversion of company into a society: member's shareholding in company exceeds maximum permitted amount
In force	117. Conversion of company into a society: no effect on liabilities
	Voluntary arrangements and administration (s. 118)
In force	118. Power to apply provisions about company arrangements and administration etc
	Dissolution by an instrument of dissolution (ss. 119-122)
In force	119. Dissolution of society by an instrument of dissolution
In force	120. Special resolutions under section 119
In force	121. Instruments of dissolution: notification to FCA etc
In force	122. Instruments of dissolution: advertisement, dissolution etc
	Dissolution on winding up (ss. 123-124)
In force	123. Dissolution of society on winding up
In force	124. Liability of existing and former members in winding up
	Dissolution following administration (s. 125)
In force	125. Dissolution following administration
	Restriction on dissolution etc (s. 126)
In force	126. Dissolution etc to occur only after society's property dealt with
	Part 10 Offences (ss. 127-133)
	Offences (ss. 127-131)
In force	127. General offences
In force	128. Offences by societies to be also offences by officers etc
In force	129. Continuing offences
In force	130. Misappropriation of a society's property etc
In force	131. Falsification of a society's records etc
	Prosecution of offences (ss. 132-133)
In force	132. Prosecution of offences: persons who may bring proceedings and time for bringing them
In force	133. Prosecution of societies: service of summons etc
	Part 11 Miscellaneous and general (ss. 134-149)
	Application of company law etc (ss. 134-136)
In force	134. Power to amend this Act to assimilate to company law
In force	135. Power to apply company law provisions on investigations, names and dissolution etc
In force	136. Section 135: power to make consequential amendments
	Determination of disputes (ss. 137-140)
In force	137. Determination of disputes in accordance with a society's rules
In force	138. Determination of disputes under section 137: application to the court
In force	139. Determination of disputes otherwise than under a society's rules
In force	140. Determination of disputes: supplementary
	Other miscellaneous provisions (s. 141)
In force	141. Recovery of costs and expenses
	Northern Ireland societies (s. 142)
In force	142. Northern Ireland societies to be treated as registered societies
	Documents (ss. 143-146)
In force	143. Form of documents etc
In force	144. Form etc of electronic documents sent to FCA or PRA
In force	145. Fees for inspection and copying of documents
In force	146. Certain documents to be received in evidence
	Regulations and orders (s. 147)
In force	147. Regulations and orders
	Interpretation (ss. 148-149)
In force	148. Meaning of "electronic form", "by electronic means" etc
In force	149. Interpretation of Act
	Part 12 Final Provisions (ss. 150-155)
In force	150. Pre-commencement societies (ss. 150-155)
In force	151. Amendments, repeals etc
In force	152. Channel Islands
In force	153. Extent
In force	154. Commencement
In force	155. Short title
	Schedule 1 Forms of bond for officers of society
In force	Schedule 1, Part 1 Forms Applicable in England, Wales and Channel Islands
In force	Schedule 1, Part 2 Form Applicable in Scotland
	Schedule 2 Form of Receipt on Mortgage, Heritable Security etc
In force	Schedule 2, Part 1 Forms Applicable in England and Wales
In force	Schedule 2, Part 2 Forms Applicable in Scotland
In force	Schedule 3 Provision for Certain Pre-Commencement Societies
	Schedule 4 Consequential Amendments
In force	Schedule 4, Part 1 Amendments of the Credit Unions Act 1979 (paras. 1-18)
In force	Schedule 4, Part 2 Amendments of Other Acts (paras. 19-183)
In force	Schedule 5 Transitionals and Savings
In force	Schedule 6 Transitory Modifications etc
In force	Schedule 7 Repeals and Revocations

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