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Co-operative and Community Benefit Societies Act 2014

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This is the original version (as it was originally enacted).

Voluntary arrangements and administration

118Power to apply provisions about company arrangements and administration

(1)The Treasury may with the concurrence of the Secretary of State by order provide for a company arrangement or administration provision to apply (with or without modifications) in relation to registered societies.

(2)“Company arrangement or administration provision” means—

(a)a provision of Part 1 of the Insolvency Act 1986 (company voluntary arrangements);

(b)a provision of Part 2 of that Act (administration);

(c)Part 26 of the Companies Act 2006 (compromise or arrangement with creditors).

(3)The order may not provide for a company arrangement or administration provision to apply in relation to a society that is—

(a)a private registered provider of social housing, or

(b)registered as a social landlord under Part 1 of the Housing Act 1996 or Part 2 of the Housing (Scotland) Act 2010 (asp 17).

(4)The order may—

(a)make provision generally or for a specified purpose only;

(b)make different provision for different purposes;

(c)make transitional, consequential or incidental provision.

(5)Provision made by virtue of subsection (4)(c) may, in particular—

(a)apply an enactment (with or without modifications);

(b)amend an enactment (including any provision of this Act except this section).

(6)Section 277 of the Enterprise Act 2002 (power of Secretary of State to make supplementary, consequential or incidental provision) has effect as if this section were part of that Act.

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