Industrial and Provident Society
Industrial and Provident Societies are registered under the Industrial and Provident Societies Acts 1893-1978.
The 1893 Act provides for a society to be registered to engage in any industry, business or trade authorised by its rules. Registration under the Act renders a society a body corporate with limited liability. Industrial and provident societies, better known as co-operatives, operate across a wide range of industries, trades and businesses. The biggest and best-known are in the agriculture and food areas.
Please note that Fees for Industrial and Provident Societies were changed by Statutory Instrument 363 of 2012. See Fees - Ind and Prov Societies.
Registration of Industrial & Provident Society
In order to register an industrial and provident society, the grouping involved, which must consist of at least seven people, must draw up a set of rules governing the operation of the society. The rules must as a minimum contain the matters required to be provided for by the second Schedule of the Industrial and Provident Societies Act 1893. The rules, together with the prescribed application form and fee are submitted to the Registrar for examination and, once the rules are found to be in accordance with statute, the society is registered.
There are a number of representative groups for co-operatives with whom the Registrar has agreed forms of Model Rules which can be used in the registration of societies. The Irish Co-operative Organisation Society Limited (ICOS) has agreed Model Rules for straightforward co-operatives, as well as co-operatives involved in horticulture, fishing, sheep breeding and group water schemes. ICOS can also assist in the establishment and registration of a co-operative (a service for which it will charge a fee). Other representative groups are the National Association of Building Co-operatives Limited and the Co-operative Development Society Limited.
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