38—(1) Section 48 (annual returns) is amended as follows.N.I.
(2) For subsections (1) to (1B) substitute—
“(1) A registered society must, within the period of 7 months beginning immediately after the end of a year of account, send to the registrar—
(a)a return relating to its affairs for that year (the society's “annual return” for that year),
(b)a copy of each balance sheet made during that year, and
(c)a copy of any relevant auditor's report for that year.
(1A) “Relevant auditor's report” means—
(a)if section 38 (duty to appoint auditors) applies for that year, the auditor's report on the society's accounts for that year and any auditor's report on a balance sheet made during that year;
(b)otherwise, any report for that year required by section 43A.”.
(3) In subsection (2) omit—
(a)“and” at the end of paragraph (b);
(b)paragraph (c).
(4) Omit subsections (3) to (5).