- Latest available (Revised)
- Point in Time (20/10/2003)
- Original (As enacted)
Version Superseded: 06/04/2008
Point in time view as at 20/10/2003.
There are currently no known outstanding effects for the Industrial and Provident Societies Act 1965 (repealed), SCHEDULE 1.
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Section 1.
Modifications etc. (not altering text)
C1S. 1, Sch. 1 excluded by Credit Unions Act 1979 (c. 34, SIF 55:3), s. 2(1)
1E+W+SThe name of the society, which shall comply with the requirements of section 5 of this Act.
2E+W+SThe objects of the society.
3E+W+SThe place which is to be the registered office of the society to which all communications and notices to the society may be addressed.
4E+W+SThe terms of admission of the members, including any society or company investing funds in the society under the provisions of this Act.
5E+W+SThe mode of holding meetings, the scale and right of voting, and the mode of making, altering or rescinding rules.
6E+W+SThe appointment and removal of a committee, by whatever name, and of managers or other officers and their respective powers and remuneration.
7E+W+SDetermination in accordance with section 6 of this Act of the maximum amount of the interest in the shares of the society which may be held by any member otherwise than by virtue of section 6(1)(a), (b) or (c) of this Act.
8E+W+SDetermination whether the society may contract loans or receive moneys on deposit subject to the provisions of this Act from members or others; and, if so, under what conditions, under what security, and to what limits of amount.
9E+W+SDetermination whether the shares or any of them shall be transferable, and provision for the form of transfer and registration of the shares, and for the consent of the committee thereto; determination whether the shares of any of them shall be withdrawable, and provision for the mode of withdrawal and for payment of the balance due thereon on withdrawing from the society.
10E+W+SProvision for the audit of accounts by one or more [F1auditor appointed by the society in accordance with the requirements of the Friendly and Industrial and Provident Societies Act 1968].
Textual Amendments
F1Words substituted by Friendly and Industrial and Provident Societies Act 1968 (c. 55), Sch. 1 para. 12
11E+W+SDetermination whether and, if so, how members may withdraw from the society, and provision for the claims of the representatives of deceased members, or the trustees of the property of bankrupt members or, in Scotland, members whose estate has been sequestrated, and for the payment of nominees.
12E+W+SThe mode of application of profits of the society.
[F213E+W+SIf the society is to have a common seal, provision for its custody and use. ]
Textual Amendments
F2Sch. 1 para. 13 substituted (20.10.2003) by Co-operatives and Community Benefit Societies Act 2003 (c. 15), ss. 5(7), 7(1); S.I. 2003/2678, art. 2(2)
14E+WDetermination whether and, if so, by what authority, and in what manner, any part of the society’s funds may be invested.
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