Lord Newby, the spokesman for the Treasury in the Lords, presented the first reading of the consolidated bill in parliament. The second reading, which allows time for debate, is due on 13th January.
The government-sponsored Co-operative and Community Benefit Societies Bill 2013-14 consolidates law relating to co-operatives, community benefit societies and other societies registered under the Industrial and Provident Societies Act 1965.
In its response to the government consultation on the bill, Co-operatives UK welcomed the opportunity to “simplify the language, modernise archaic requirements, and do away with references to obsolete legislation”.
The bill is expected to complete its passage through parliament before summer.
• Read the full consolidated bill below.
In this article
- Business models
- Co-operative and Community Benefit Societies and Credit Unions Act
- Co-operatives UK
- Consumer cooperative
- House of Lords
- Industrial and Provident Society
- Person Career
- Social Issues
- Types of business entity
- United Kingdom