Q&As

If a registered society was incorporated in 1919, then do the insolvency procedures under the Co-operative and Community Benefit Societies Act 2014 or Industrial and Provident Societies Act 1965 (IPSA 1965) apply? Can a registered society still use the members’ voluntary liquidation process, even if governed by IPSA 1965?

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Published by a LexisNexis Restructuring & Insolvency expert
Published on: 19 October 2023
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The Industrial and Provident Societies Act 1965 (IPSA 1965) has been repealed.

The Co-operative and Community Benefit Societies Act 2014 (CCBSA 2014) now governs the registration and operation of registered societies.

CCBSA 2014, s 1(1)(b) provides that ‘registered society’ includes (by virtue of CCBSA 2014, s 150) societies that immediately before 1 August 2014 were registered or treated as registered under IPSA 1965.

It is presumed that registered

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