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The Credit Unions (Northern Ireland) Order 1985, Section 60 is up to date with all changes known to be in force on or before 13 October 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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60.—(1) Subject to the provisions of this Article and Article 62(2)(b), and without prejudice to Article 65(6) or 66(3), the registrar may, by writing under his hand, cancel the registration of any credit union—
(a)if at any time it is proved to his satisfaction—
(i)that the number of members of the credit union has been reduced to less than 21; or
(ii)that an acknowledgement of registration has been obtained by fraud or mistake; or
(iii)that the credit union has ceased to exist;
(b)at the request of the credit union, to be evidenced in such manner as he shall direct;
(c)with the consent of the Department—
(i)on proof to his satisfaction that the credit union exists for an illegal purpose, or has wilfully and after notice from him violated any of the provisions of this Order or the [1969 24 (N.I.)] Industrial and Provident Societies Act (Northern Ireland) 1969;
(ii)if at any time it appears to him that there is no longer a common bond between the members of the credit union.
(2) Not less than 2 months' previous notice in writing specifying briefly the ground of the proposed cancellation shall be given by the registrar to a credit union before its registration is cancelled otherwise than—
(a)at its own request; or
(b)by virtue of Article 65(6) or 66(3)—
and if before the expiration of the period of that notice the credit union duly lodges an appeal under Article 62(2)(b), then, without prejudice to Article 61(2), the credit union's registration shall not be cancelled before the date of the determination or abandonment of the appeal.
(3) Notice of every cancellation under this Article of a credit union's registration shall, as soon as practicable after it takes place, be published in the Belfast Gazette and in any other manner which the registrar considers necessary for bringing the cancellation to the notice of persons affected by the cancellation.
(4) From the date of the publication in the Belfast Gazette under paragraph (3) of a notice of the cancellation of a credit union's registration, the credit union shall absolutely cease to be entitled to any of the privileges of this Order as a credit union, but without prejudice to any liability actually incurred by the credit union which may be enforced against it as if the cancellation had not taken place.
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