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

Part of Industrial and Provident Societies Bill – in a Public Bill Committee at 11:30 am on 13th February 2002.

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Photo of Gareth Thomas Gareth Thomas Party Chair, Co-operative Party 11:30 am, 13th February 2002

I am grateful for the opportunity to clarify that point. Crucially, only criminal offences that have been created by company law can be considered for industrial and provident societies. I give the hon. Gentleman the analogy of a Royal British Legion club, or better still a rugby club, which is a company. Criminal offences can be brought against the directors of such a rugby club, and a similar sized rugby club that is an industrial and provident society would currently be subject to the same offences. It is sensible to ensure that there is like provision across different sections.