SCHEDULES
SCHEDULE 12 Meetings and Resolutions
Annual general meeting
I11
1
Every friendly society and registered branch shall in each year hold a general meeting as its annual general meeting (in addition to any other meetings in that year).
2
Not more than 15 months shall elapse between the date of one annual general meeting and that of the next.
3
If an incorporated friendly society holds its first annual general meeting within 18 months of its incorporation, it need not hold it in the year of its incorporation or in the following year.
4
If a registered friendly society or registered branch holds its first annual general meeting within 18 months of its registration under the 1974 Act, it need not hold it in the year of its registration or in the following year.
I22
1
A meeting to be held as the annual general meeting of a friendly society or registered branch shall be specified as such in any notice calling it.
2
Notwithstanding anything in the rules of a friendly society or registered branch, the business which may be dealt with at the annual general meeting includes any resolution (whether a special resolution or not).
I33
1
If a friendly society or registered branch fails to hold a meeting as its annual general meeting in accordance with paragraph 1 above, the society or branch shall be guilty of an offence and liable on summary conviction to a fine not exceeding level 4 on the standard scale.
2
If such default is made, the F1FCA may—
a
call, or direct the calling of, an annual general meeting, and
b
give such ancillary or consequential directions as it thinks expedient, including directions modifying or supplementing the operation of the rules of the society concerned in relation to the calling, holding and conducting of the meeting.
3
If default is made in complying with any directions of the F1FCA given under this paragraph, the society or branch concerned shall be guilty of an offence and liable on summary conviction to a fine not exceeding level 5 on the standard scale.