The Community Benefit Societies (Restriction on Use of Assets) Regulations 2006

1. Introductory Text

2. PART 1 Citation, commencement and interpretation

   1. 1. Citation and commencement

   2. 2. Interpretation

3. PART 2 Restriction on use of assets

   1. 3. Effect of restriction on use of assets

   2. 4. Procedure for imposition of restriction on use

4. PART 3 Prescribed societies, circumstances etc.

   1. 5. Prescribed community benefit societies

   2. 6. Prescribed circumstances

   3. 7. Prescribed rules

5. PART 4 Enforcement measures

   1. 8. Condition for exercise of enforcement measures

   2. 9. Enforcement notification

   3. 10. Restitution

   4. 11. Removal of officers

   5. 12. Warning notice

   6. 13. Decision notice

   7. 14. Appeal

   8. 15. Court orders

6. PART 5 Miscellaneous and supplemental

   1. 16. Service of notices and other documents

   2. 17. Application of the 1965 Act with modifications

7. Signature

8. 1. SCHEDULE 1

      Restriction on Use

      1. The rule included in a prescribed community benefit society’s rules...

      2. “Restriction on use

   2. SCHEDULE 2

      Application of the 1965 Act with Modifications

      1. 1. (1) Subsection (3) of section 2 (registration of society) shall,...

      2. 2. Section 16 (cancellation of registration of society) shall apply to...

      3. 3. Section 48 (production of documents and provision of information for...

      4. 4. Section 50 (amalgamation of societies) shall apply to a prescribed...

      5. 5. Section 51 (transfer of engagements between societies) shall apply to...

      6. 6. Section 52 (conversion into, amalgamation with, or transfer of engagements...

      7. 7. Section 59 (restriction on dissolution or cancellation of registration of...

9. Explanatory Note