SCHEDULES

SCHEDULE 3 Establishment, Incorporation and Constitution of Incorporated Friendly Societies

Name

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1

The name of an incorporated friendly society must have “Limited" as its last word, except that, if the society is to be registered with a memorandum stating that its registered office is to be situated in Wales, the name may have “cyfyngedig" (the Welsh equivalent of “Limited") as its last word.

2

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

If the society has a common seal, it shall bear the registered name of the society.

4

An incorporated friendly society may change its name by a resolution of the society in general meeting after the giving of such notice as is required for a special resolution.

5

Where a society changes its name under this paragraph, notice of the change shall be sent to the F2FCA and, unless it is of the opinion that the changed name is undesirable, the F2FCA shall—

a

register the notice of the change of name;

b

issue the society with a certificate of registration; and

c

keep a copy of the certificate of registration in the public file of the society.

6

A change of name shall not take effect until the date on which the certificate of registration under sub-paragraph (5) above is issued or such later date as may be specified in the certificate.

7

A change of name shall not affect the rights and obligations of the society, of any of its members or of any other person concerned.