SCHEDULES
SCHEDULE 15 Amalgamations, Transfers of Engagements and Conversion: Supplementary
Part I Provision of Information to Members
Statements relating to conversion of society into company
3
1
A friendly society which desires to convert into a company under section 91 above shall send a statement concerning—
a
such matters as may be prescribed in regulations made by the Commission with the consent of the Treasury; and
b
such other matters as may be required by the Commission in the case of the particular conversion;
to every member entitled (when the statements are sent) to vote on any resolution required by subsection (2) of that section.
2
Regulations under sub-paragraph (1) above may include among the prescribed matters any alternatives to a proposed conversion which may be available.