Section 39: Annual returns.

Industrial and Provident Societies Act 1965 · 1965 c.12

This provision is repealed
It is retained for historical reference and may not reflect the law currently in force.

REPEALED on 2014-08-01 by Community Benefit Societies Act 2014.

The text below is from the dated revised snapshot immediately preceding this status change. It is historical and is not current law. View the historical source.

39(1)

Every registered society shall, within the period of 7 months beginning immediately after the end of the year of account, send to the FCA a return relating to its affairs for that year, together with—

(a) where the year of account is one at the end of which there is in force in relation to the period a disapplication under section 4A(1) of the Friendly and Industrial and Provident Societies Act 1968 (power to disapply the obligation under section 4 of that Act to have accounts audited), the documents mentioned in subsection (1A) of this section, and

(b) where it is not, the documents mentioned in subsection (1B) of this section.

39(1A)

The documents referred to in subsection (1)(a) of this section are—

(a) copies of the reports, if any, which the society is required, because of the disapplication, to obtain under section 9A of the Friendly and Industrial and Provident Societies Act 1968 (duty to obtain accountant’s reports where section 4 of that Act disapplied); and

(b) a copy of each balance sheet made during the year of account.

39(1B)

The documents referred to in subsection (1)(b) of this section are—

(a) a copy of the report of the auditor or auditors on the society’s accounts for the year of account; and

(b) a copy of each balance sheet made during that year and of any report of the auditor or auditors on that balance sheet.

39(2)

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39(2A)

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39(3)

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39(4)

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39(5)

Every registered society shall supply free of charge to every member or person interested in the funds of the society who applies for it a copy of the latest return of the society under this section.

39(6)

A society (“S”) is to be regarded as having supplied to a person (“P”) a copy of S’s latest return if each of the following conditions is satisfied.

39(7)

The first condition is that P—

(a) has agreed (generally or specifically) that S may make the return available to P on a website, and

(b) has not revoked that agreement.

39(8)

The second condition is that S has notified P of—

(a) the presence of the return on the website,

(b) the address of the website,

(c) the place on the website where the return may be accessed, and

(d) how to access the return.

39(9)

The third condition is that the return is present on the website for the whole of the period—

(a) beginning with the day on which S sends P the notification referred to in subsection (8) or, if later, the day on which the return first appears on the website, and

(b) ending on the day when that return ceases to be S’s latest return.

39(10)

If the return is absent from the website for part of the period referred to in subsection (9), the absence is to be disregarded if it is wholly attributable to circumstances that it would not be reasonable to have expected S to prevent or avoid.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.