RHAN 2LANDLORDIAID CYMDEITHASOL COFRESTREDIG
PENNOD 4GORFODI
Rheolaeth a chyfansoddiad landlordiaid cymdeithasol cofrestredig
78Cyfuno
Ar ôl paragraff 15G o Atodlen 1 i Ddeddf Tai 1996 mewnosoder—
15HAmalgamation
1
This paragraph applies if as a result of an inquiry under paragraph 20 or an audit under paragraph 22, the Welsh Ministers are satisfied that—
a
there has been misconduct or mismanagement in the affairs of a registered social landlord which is an industrial and provident society, or
b
the management of the affairs of a registered social landlord which is an industrial and provident society would be improved if the landlord were amalgamated with another industrial and provident society.
2
But this paragraph does not apply where—
a
the misconduct or mismanagement relates only to the registered social landlord’s provision of housing in England, or
b
the amalgamation would improve the management of the registered social landlord’s affairs only in relation to housing in England.
3
The Welsh Ministers may make and execute on behalf of the society an instrument providing for the amalgamation of the society with another industrial and provident society.
4
An instrument providing for the amalgamation of a society (“S1”) with another has the same effect as a special resolution by S1 under section 50 of the Industrial and Provident Societies Act 1965 (amalgamation of societies by special resolution).
5
A copy of an instrument must be sent to and registered by the Financial Services Authority.
6
An instrument does not take effect until the copy is registered.
7
The copy must be sent for registration during the period of 14 days beginning with the date of execution; but a copy registered after that period is valid.
8
Any body created by virtue of an amalgamation must be registered as a social landlord by the Welsh Ministers, and pending registration is to be treated as registered.