For further information, please contact the relevant body.

Mutuals Public Register. Notice of the instrument of the Northern Ireland-based industrial/provident society's dissolution What legislation does it relate to? The Co-operative and Community Benefit Societies Act 2014 consolidates the legislation previously contained in the Industrial & Provident Societies and other related Acts. The Mutuals Public Register is a public record of mutual societies registered by the Financial Conduct Authority. Industrial and Provident Societies are registered under the Industrial and Provident Societies Acts 1893-2018. Company limited by guarantee in England and Wales No. Transfer of Registry to the FCA On 6 April 2018, operational responsibility for the registration of Northern Ireland credit unions and Industrial and Provident Societies moved to the Financial Conduct Authority (FCA). Industrial and Provident Societies These are incorporated bodies There are two distinct types of society covered by the Industrial and Provident Societies Acts of 1965 and 1978 – the Bona Fide Co-operative and the Community Benefit Society. We are in the process of taking on a Working Men's Club that is registered as an Industrial and Provident Society and in reply to our clearance letter asking for last year's CT Return the previous accountants have stated that No Corporation Tax Return was required for that year however we have just seen a Penalty Notice for £100 relating to that year. An industrial and provident society (IPS) was a legal entity for a trading business or voluntary organisation in the United Kingdom, the Republic of Ireland, and New Zealand.The name is still used in New Zealand, the Republic of Ireland and within the UK in Northern Ireland. The note describes the rights of members and directors of such societies, the … The registration function for credit unions and Industrial and Provident Societies became the responsibility of the Financial Conduct Authority on Friday 6 April 2018. It has information for societies currently registered, and those no longer registered. The 1893 Act provides for a society to be registered to engage in any industry, business or trade authorised by its rules. Our team advised Penrose Options, a previous IPS to successfully convert into a company limited by guarantee. An Act to consolidate certain enactments relating to industrial and provident societies, being those enactments as they apply in Great Britain and the Channel Islands with corrections and improvements made under the Consolidation of Enactments (Procedure) Act 1949. The governing document is the “rules”. Industrial and provident society. The UK Industrial and Provident Society sector 2.1 The sector today The Industrial and Provident Societies Act 1965 (IPSA) allows for the registration of two types of co-operatively owned societies. Search the Mutuals Public Register for information about registered credit unions, building societies, friendly and registered societies (including industrial and provident, and co-operative societies and community benefit societies). Industrial and Provident Societies (IPS) is an incorporated organisation, therefore a legal entity in its own right, which can be run as either a co-operative, which trade for the mutual benefit of it’s members, or a company which benefits the wider community. An industrial provident society, established before this date or a community benefit society formed after 6 April 2018 must ensure the Commission knows they exist by filling in an Expression of Intent form and apply for entry on to the register of charities in Northern Ireland when called forward by the Commission to do so. Industrial and provident societiesby Practical Law Corporate and Kevin Jaquiss, DWFRelated ContentThis note sets out how to form and register the two types of industrial and provident society; the community benefit society and the co-operative society under the Industrial and Provident Societies Act 1965. Penrose has been providing help and support for ex-offenders and people with mental illness for over … 1105835.