Friendly and Industrial and Provident Societies Act 1968 (repealed)

11 Amendments relating to annual returns of societies. E+W+S

(1) The annual return which a society is required to send . . . F1 to the [F2 Authority] by section 39(1) of the Act of 1965 . . . F1 shall be a return relating to the affairs of the society, and accordingly—

(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3

(b) for the words from “of the income" to “audited” in section 39(1) of the Act of 1965,

there shall be substituted the words “relating to its affairs for the period required by this section to be included in the return"; . . . F1

(2) The annual return sent by a society under . . . F1 the provisions mentioned in the preceding subsection—

(a) shall contain the revenue account or accounts of the society prepared in accordance with section 3(2) of this Act in respect of the year of account to which the return relates, and a balance sheet as at the end of that year, and

[F4 (b) shall not contain any other accounts [F5 or been the subject of a report for the purposes of section 9A(2)(a) of this Act].]

(3) The power of the [F2 Authority] . . . F1 under section 72(1) of the Act of 1965 . . . F1 to determine the form of an annual return and the particulars to be contained in such a return shall be without prejudice to the provisions of the last preceding subsection.

(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6

(5) Every society shall provide, together with—

(a) every copy of its last annual return supplied on demand to a member or person interested in the funds of the society, in accordance with the requirements of . . . F1 section 39(5) of the Act of 1965 . . . F1

(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7

a copy of the report of the auditors on the accounts and balance sheet contained in the return . . . F1

[F8 (5A) Where the year of account to which an annual return relates is one at the end of which there is in force in relation to the year a disapplication under section 4A(1) of this Act, subsection (5) of this section shall have effect as if for the reference to the report of the auditors on the accounts and balance sheet contained in the return there were substituted a reference to any report which the society is required, because of the disapplication, to obtain under section 9A(2)(a) of this Act.]

(6)—(8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6

Textual Amendments

F1 Words repealed by Friendly Societies Act 1974 (c. 46), Sch. 11

F2 Words in s. 11(1)(3) substituted (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(1), Sch. 3 Pt. III para. 253 (subject to savings and transitional provisions in art. 13(3)); S.I. 2001/3538, art. 2(1)

F3 S. 11(1)(a) repealed by Friendly Societies Act 1974 (c. 46), Sch. 11

F4 S. 11(2)(b) substituted (19.12.1993) by S.I. 1993/3245, reg. 7(1), Sch. para. 4(2).

F5 S. 11(2)(b) words added (1.9.1996) by S.I. 1996/1738, arts. 1, 9(10)

F6 Ss. 3(6), 4(3), 9(8), 11(4)(6)-(8), 16, 17(4), Sch. 1 paras. 1-8, Schs. 2, 3 paras. 5, 6 repealed by Friendly Societies Act 1974 (c.46), Sch. 11

F7 S. 11(5)(b) repealed by Friendly Societies Act 1974 (c. 46), Sch. 11

F8 S. 11(5A) added (1.9.1996) by S.I. 1996/1738, arts. 1, 9(11)

Modifications etc. (not altering text)

C1 S. 11(2)(a) amended (19.12.1993) by S.I. 1993/3245, reg. 7(1), Sch. para. 4(1).