Co-operative and Community Benefit Societies and Credit Unions Bill

<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>