Clause 3 - Power to modify, etc. to assimilate to company law

Part of Industrial and Provident Societies Bill – in a Public Bill Committee at 11:45 am on 13th February 2002.

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Photo of Gareth Thomas Gareth Thomas Party Chair, Co-operative Party 11:45 am, 13th February 2002

On a couple of occasions, the Chairman has chastised me, and I am happy to be chastised by the hon. Gentleman. He is absolutely right. Such a proposal might be appropriate.

I am a member of a united services club in my constituency that is set up as a company. I aspire to be a member of the Tithe Farm social club, which is of a similar size but is an industrial and provident society. Their services and operations are virtually the same. If I seek office in the club that is a company, however, duties will be placed on me that would not apply in the case of the other club. If I seek office in the club that is an industrial and provident society, I can do things that, rightly, I could not do as an officer of the social club that is a company. New clause 5 would make it possible to read across for industrial and provident societies the protection that exists under company law for social clubs, which are companies.