SCHEDULEAmendments to Statutory Provisions
Industrial and Provident Societies Act (Northern Ireland) 19696
4.
—
(1)
The Industrial and Provident Societies Act (Northern Ireland) 1969 shall be amended as follows.
(2)
In section 41 (qualified auditors), in subsection (1) for the words from “he is either a member” to the end substitute “he is eligible for appointment as a company auditor under Article 28 of the Companies (Northern Ireland) Order 1990.”.
(3)
In section 42 (restrictions on appointment of auditors)—
(a)
paragraph (c) of subsection (1) and subsection (3) shall cease to have effect; and
(b)
in subsection (1) for paragraph (e) substitute—
“(e)
a person who is by virtue of Article 30 of the Companies (Northern Ireland) Order 1990 ineligible for appointment as auditor of a company which is a subsidiary of that society.”.