SCHEDULEAMENDMENTS TO ENACTMENTS
Friendly and Industrial and Provident Societies Act 19682120
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1
The Friendly and Industrial and Provident Societies Act 1968 shall be amended as follows.
2
In section 7 (qualified auditors), in subsection (1) for the words from “he is either a member” to the end substitute “he is eligible for appointment as a company auditor under section 25 of the Companies Act 1989.”.
3
In section 8 (restrictions on appointment of auditors)–
a
paragraph (c) of subsection (1) and subsection (3) shall be deleted; and
b
in subsection (2) for paragraph (b) substitute–
b
he is by virtue of section 27 of the Companies Act 1989 ineligible for appointment as auditor of a company which is a subsidiary of that society.