PART IIIMUTUAL SOCIETIES
CHAPTER IPROCEDURES TAKING EFFECT AFTER COMMENCEMENT AS PROCEDURES UNDER THE ACT
Notice of intention to give a direction under section 51 of Friendly Societies Act31
1
Where—
a
before commencement a notice has been served on a friendly society under section 51(2) of the Friendly Societies Act;
b
no direction has been given under section 51(6) as a result of that notice and the society has not been notified of a decision not to give a direction; and
c
at commencement, the friendly society has a Part IV permission,
the notice has effect after commencement as if it were a notice given by the Authority under section 53(4).
2
Paragraphs (3) to (5) of article 29 apply to a notice having effect under paragraph (1) with the following modifications—
a
the references in those paragraphs to a notice having effect under article 29(1) or (2) are read as references to a notice having effect under paragraph (1) of this article;
b
the references in those paragraphs to relevant recipients are omitted;
c
the requirement referred to in article 29(3)(a) is a requirement that the society refrain from accepting any new members.