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Industrial and Provident Societies Act 1965

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  1. Introductory Text

  2. Registered societies

    1. 1. Societies which may be registered.

    2. 2. Registration of society.

    3. 3. Registration to effect incorporation of society with limited liability.

    4. 4. Existing societies deemed to be registered.

  3. Name and maximum shareholding

    1. 5. Name of society.

    2. 6. Maximum shareholding in society.

  4. Operations of registered society

    1. 7. Carrying on of banking by societies.

    2. 8. Society registered in one area carrying on business in another.

  5. Provisions as to rules

    1. 9. Acknowledgment of registration of rules.

    2. 10. Amendment of registered rules.

    3. 11. Rules as to fund for purchase of government securities.

    4. 12. Rules of agricultural, horticultural or forestry society.

    5. 13. Supplementary provisions as to rules.

    6. 14. Rules to bind members.

    7. 15. Provision of copies of rules.

  6. Cancellation, suspension or refusal of registration of society or rules

    1. 16. Cancellation of registration of society.

    2. 17. Suspension of registration of society.

    3. 18. Appeal from refusal, cancellation or suspension of registration of society or rules.

  7. Membership and special provisions affecting members

    1. 19. Bodies corporate as members of society.

    2. 20. Members under 21.

    3. 21. Advances to members.

    4. 22. Remedy for debts from members.

    5. 23. Nomination to property in society.

    6. 24. Proceedings on death of nominator.

    7. 25. Provision for intestacy.

    8. 26. Payments in respect of mentally incapable persons.

    9. 27. Validity of payment to persons apparently entitled.

  8. Contracts, property, etc., of society

    1. 28. Promissory notes and bills of exchange.

    2. 29. Contracts.

    3. 30. Holding of land.

    4. 31. Investments.

    5. 32. Proxy voting by societies.

    6. 33. Discharge of mortgages in England and Wales.

    7. 34. Discharge of securities in Scotland.

    8. 35. Receipt on payment of moneys secured to a society.

    9. 36. Execution of deeds in Scotland.

  9. Accounts, etc.

    1. 37, 38.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    2. 39. Annual returns.

    3. 40. Display of latest balance sheet.

  10. Officers, receivers, etc.

    1. 41. Security by officers.

    2. 42. Duty of officers of society to account.

    3. 43. Duties of receiver or manager of society’s property.

  11. Registers, books, etc.

    1. 44. Register of members and officers.

    2. 45. Restriction on inspection of books.

    3. 46. Inspection of books by members, etc.

    4. 47. Inspection of books by order of registrar.

    5. 48. Production of documents and provision of information for certain purposes.

    6. 49. Appointment of inspectors and calling of special meetings.

  12. Amalgamations, transfers of engagements and conversions

    1. 50. Amalgamation of societies.

    2. 51. Transfer of engagements between societies.

    3. 52. Conversion into, amalgamation with, or transfer of engagements to company.

    4. 53. Conversion of company into registered society.

    5. 54. Saving for rights of creditors.

  13. Dissolution of society

    1. 55. Dissolution of registered society.

    2. 56. Power of registrar to petition for winding up.

    3. 57. Liability of members in winding up.

    4. 58. Instrument of dissolution.

  14. Special restriction on dissolution, etc.

    1. 59. Restriction on dissolution or cancellation of registration of society.

  15. Disputes, offences and legal proceedings

    1. 60. Decision of disputes.

    2. 61. General offences by societies, etc.

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

    4. 63. Continuing offences.

    5. 64. Punishment of fraud or misappropriation.

    6. 65. Penalty for falsification.

    7. 66. Institution of proceedings.

    8. 67. Recovery of costs, etc.

    9. 68. Service of process.

  16. Miscellaneous and general

    1. 69. Remuneration of county court registrars.

    2. 70. Fees.

    3. 70A. Fees for inspection or copying of documents.

    4. 71. Regulations.

    5. 72. Form, deposit and evidence of documents.

    6. 73. Registrars, central office, etc.

    7. 74. Interpretation—general.

    8. 75. Channel Islands.

    9. 76. Northern Ireland societies.

    10. 77. Repeals and savings.

    11. 78. Short title, extent and commencement.

  17. SCHEDULES

    1. SCHEDULE 1

      Matters to be Provided for in Society’s Rules

      1. 1.The name of the society, which shall comply with the...

      2. 2.The objects of the society.

      3. 3.The place which is to be the registered office of...

      4. 4.The terms of admission of the members, including any society...

      5. 5.The mode of holding meetings, the scale and right of...

      6. 6.The appointment and removal of a committee, by whatever name,...

      7. 7.Determination in accordance with section 6 of this Act of...

      8. 8.Determination whether the society may contract loans or receive moneys...

      9. 9.Determination whether the shares or any of them shall be...

      10. 10.Provision for the audit of accounts by one or more...

      11. 11.Determination whether and, if so, how members may withdraw from...

      12. 12.The mode of application of profits of the society.

      13. 13.Provision for the custody and use of the society’s seal....

      14. 14.Determination whether and, if so, by what authority, and in...

    2. SCHEDULE 2

      Form of Statement by Society Carrying on Banking

      1. 1.Capital of the society:— (a) nominal amount of each share;...

      2. 2.Liabilities of the society on 1st January or 1st July...

      3. 3.Assets of the society on the same date:—

    3. SCHEDULE 3

      Form of Receipt on Mortgage, Heritable Security, Etc.

      1. Part I

        1. Forms applicable in England and Wales

          1. Form A

          2. The Limited hereby acknowledges to have received all moneys intended...

          3. Dated this day of

          4. Members of the Committee.

          5. Secretary.

          6. Form B

          7. The Limited hereby acknowledges that it has this day of...

          8. Members of the Committee.

          9. Secretary.

          10. Note. If the persons paying are not entitled to the...

          11. A statement may also be inserted as to whether the...

      2. Part II

        1. Forms applicable in Scotland

          1. Form C

          2. The Limited acknowledges that (1) the foregoing disposition granted by...

          3. Testing clause+

          4. +Note—Subscription of the document by the granter of it will...

          5. Members of the Committee.

          6. Secretary.

          7. Form D

          8. The Limited acknowledges to have received repayment of all moneys...

          9. Testing clause+

          10. +Note—Subscription of the document by the granter of it will...

          11. Members of the Committee.

          12. Secretary.

          13. Form E

          14. The Limited hereby acknowledges to have received repayment of all...

          15. Testing clause+

          16. +Note—Subscription of the document by the granter of it will...

          17. Members of the Committee.

          18. Secretary.

    4. SCHEDULE 4

      Forms of Bond for Officers of Society

      1. Part I

        1. Forms applicable in England, Wales and the Channel Islands

          1. Form A

          2. Know all men by these presents, that we,A.B., of, one...

          3. Whereas the above-boundenA.B. has been duly appointed to the office...

          4. Sealed and delivered in the presence of

          5. Form B

          6. Know all men by these presents that I , of...

          7. [And know further that I [we] as surety [sureties] for...

          8. Dated the day of

          9. The condition of the above-contained bond is that if the...

          10. Sealed and delivered by the above-named

          11. [The words between brackets against which we have set out...

          12. and

      2. Part II

        1. Form applicable in Scotland

          1. Form C

          2. I,A.B., of , hereby bind and oblige myself to the...

          3. Testing clause+

          4. + Note—Subscription of the document by the cautioner will be...

          5. Signature of cautioner.

          6. F., witness.

          7. G.H., witness.

    5. SCHEDULE 5

      1. . . . . . . . . . ....

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