Organisations which operate primarily for the benefit of the community, such as Registered Social Landlords, have the opportunity to register under the Industrial and Provident Societies Act, rather than under the Companies Acts. A number of changes aimed at modernising the law which applies to Industrial and Provident Societies are set to come into force in 2014.
From 6th April 2014:
- The capital limit on withdrawable shares held by each member of an Industrial and Providential Society is set to increase from £20,000 to