Friendly Societies Act 1992

24(1)Section 130 of the Act (consequences of winding-up order) shall have effect with the following modifications.

(2)Subsections (1) and (3) shall be omitted.

(3)An incorporated friendly society shall, within 15 days of a winding-up order being made in respect of it, give notice of the order to the central office; and the central office shall keep the notice in the public file of the society.

(4)If an incorporated friendly society fails to comply with sub-paragraph (3) above, it shall be guilty of an offence and liable on summary conviction to a fine not exceeding level 3 on the standard scale.