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- Point in Time (19/10/1998)
- Original (As enacted)
Version Superseded: 01/12/2001
Point in time view as at 19/10/1998.
There are currently no known outstanding effects for the Friendly Societies Act 1992, Cross Heading: Objection to existing controller.
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6(1)Where it appears to the Commission, as respects a friendly society to which section 37(2) or (3) above applies, that the criteria of prudent management are not or may not be fulfilled in respect of the society by reason of the ability of a person who is a controller of the society to influence the society, it may serve on that person a notice of objection to that person continuing to be a controller of the society.
(2)Before serving a notice of objection under this paragraph, the Commission shall serve on the person concerned a preliminary notice stating that the Commission is considering serving a notice of objection under this paragraph.
(3)A notice under sub–paragraph (2) above shall–
(a)give particulars of the rights conferred by sub–paragraph (4) below; and
(b)specify the criteria of prudent management which are not or may not be fulfilled in respect of the society.
(4)A person served with a notice under sub–paragraph (2) above may, within the period of one month beginning with the day on which the notice is served–
(a)make written representations to the Commission; and
(b)if that person so requests, oral representations to an officer of the Commission appointed for the purpose by the Commision.
(5)Where representations are made in accordance with this paragraph, the Commission shall take them into account in deciding whether to serve a notice of objection.
(6)The Commission shall not be obliged to disclose to the person concerned or to the society any particulars of the ground on which it is considering the service of a notice of objection.
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