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Industrial and Provident Societies Act (Northern Ireland) 1969

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Section 1.

SCHEDULE 1N.I.MATTERS TO BE PROVIDED FOR IN SOCIETY'S RULES

PART IN.I.INDUSTRIAL AND PROVIDENT SOCIETIESF1. . .

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Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.

1The name of the society, which shall comply with the requirements of section 5.N.I.

2The objects of the society.N.I.

3The place which is to be the registered office of the society to which all communications and notices to the society may be addressed.N.I.

4The terms of admission of the members, including any society or company investing funds in the society under the provisions of this Act.N.I.

5The mode of holding meetings, the scale and right of voting, and the mode of making, altering or rescinding rules.N.I.

6The appointment and removal of a committee, by whatever name, and of managers or other officers and their respective functions and remuneration.N.I.

7Determination in accordance with section 6 of the maximum amount of the interest in the shares of the society which may be held by any member otherwise than by virtue of section 6(1)(a) or (b).N.I.

8Determination whether the society may contract loans or receive moneys on deposit subject to the provisions of this Act from members or others; and, if so, under what conditions, under what security, and to what limits of amount.N.I.

9Determination whether the shares or any of them shall be transferable, and provision for the form of transfer and registration of the shares, and for the consent of the committee thereto; determination whether the shares or any of them shall be withdrawable, and provision for the mode of withdrawal and for payment of the balance due thereon on withdrawing from the society.N.I.

10Provision for the audit of accounts.N.I.

11Determination whether and, if so, how members may withdraw from the society, and provision for the claims of the representatives of deceased members, or the trustees of the property of bankrupt members, and for the payment of nominees.N.I.

12The mode of application of profits of the society.N.I.

[F213If the society is to have a common seal, provision for its custody and use.]N.I.

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14Determination whether and, if so, by what authority, and in what manner, any part of the society's funds may be invested.N.I.

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