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Credit Unions and Co-operative and Community Benefit Societies Act (Northern Ireland) 2016

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This is the original version (as it was originally enacted).

Industrial and Provident Societies Act (Northern Ireland) 1969 (c. 24)

12.—(1) Section 15 (cancellation of registration of society) is amended as follows.

(2) In subsection (1)(c)(ii) for “neither of the conditions specified in section 1(2) is fulfilled” substitute “the relevant registration condition is not met”.

(3) After subsection (1) insert—

(1A) For the purposes of subsection (1)(c)(ii) the relevant registration condition is not met if—

(a)in the case of a society registered as a co-operative society, the condition in section 1(2)(a)(i) is not met;

(b)in the case of a society registered as a community benefit society, the condition in section 1(2)(a)(ii) is not met;

(c)in the case of a pre-2016 Act society, neither of the conditions in section 1(2)(a) is met..

13.  In section 65(a) (power of registrar to petition for winding up) for “section 1(2)” substitute “section 1(2)(a)”.

14.  In section 101(1) (interpretation)—

(a)after the definition of “persons claiming through a member” insert—

“pre-2016 Act society” has the meaning given by section 1A;;

(b)for the definition of “registered society” substitute—

“registered society” has the meaning given by section 1A;.

15.  In section 104(1) (short title) for “the Industrial and Provident Societies Act (Northern Ireland) 1969” substitute “the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969”.

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