Examples of Industrial and Provident Societies Act 1965 in a sentence
In accordance with sections 50(2) and 55(1)(b) of the Industrial and Provident Societies Act 1965; by an instrument of dissolution to which not less than three fourths of the Members of the Credit Union have given their consent testified by their signatures; or which has been approved by a special resolution of the credit union and confirmed by the Relevant Authority.
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An Annual Return must be completed by all societies registered under the Co- operative and Community Benefit Societies Act 2014 (‘the Act’) (including any societies previously registered under the Industrial and Provident Societies Act 1965) or the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 (‘the Act’) (including any societies previously registered under the Industrial and Provident Societies Act 1969).
An Annual Return must be completed by all societies registered under the Co- operative and Community Benefit Societies Act 2014 (‘the Act’) (including any societies previously registered under the Industrial and Provident Societies Act 1965) or the Co-operative and Community Benefit Societies Act (NorthernIreland) 1969 (‘the Act’) (including any societies previously registered under theIndustrial and Provident Societies Act 1969).
The Society may invest any part of its funds in the manner set out in Section 31 of the Industrial and Provident Societies Act 1965.
Unless the Society meets the criteria set out in section 4(2) of the Friendly and Industrial and Provident Societies Act 1968 or fulfils the exemptions set out in sub- sections 4(A) (1) and (2) of the Friendly and Industrial and Provident Societies Act 1968, the Board shall in each financial year appoint an Auditor as required by section 7 of the Friendly and Industrial and Provident Societies Act 1965 as amended, to audit the Society’s accounts and balance sheet for the year.
The principal advantage of the registered society is that its governing law, the Co-operative and Community Benefit Societies Act (which replaced the Industrial and Provident Societies Act 1965), is simpler than the law governing companies.
The procedures and conditions for that are in ss50-52 and s54 of the Industrial and Provident Societies Act 1965.
The society may be wound up in accordance with the provisions of s55 of the Industrial and Provident Societies Act 1965.
Registration of a society or its rules under the Industrial and Provident Societies Act 1965 does not give any permission for a society to carry on financial services as regulated by the Financial Services and Markets Act 2000 ("FSMA").