<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40" NumberOfProvisions="635" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/1992/40/section/76</dc:identifier><dc:title>Friendly Societies Act 1992</dc:title><dc:description>An Act to make further provision for friendly societies; to provide for the cessation of registration under the Friendly Societies Act 1974; to make provision about disputes involving friendly societies or other bodies registered under the Friendly Societies Act 1974 and about the functions of the Chief Registrar of friendly societies; and for connected purposes.</dc:description><dc:date>1992-03-16</dc:date><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2024-05-17</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2020-12-31</dct:valid>
					
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					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="1992"/><ukm:Number Value="40"/><ukm:EnactmentDate Date="1992-03-16"/><ukm:UnappliedEffects><ukm:UnappliedEffect RequiresApplied="false" AffectingYear="2011" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1992/40" EffectId="key-025d6dc77b9d5cc22b3a8710937f7095" Type="words substituted" AffectingNumber="1043" AffectingEffectsExtent="E+W+S+N.I." AffectedYear="1992" Comments="Amendment not required." Modified="2023-05-24T14:56:17Z" AffectedProvisions="Blanket amendment" AffectedExtent="E+W+S+N.I." AffectingProvisions="art. 3 6" AffectingURI="http://www.legislation.gov.uk/id/uksi/2011/1043" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingClass="UnitedKingdomStatutoryInstrument" URI="http://www.legislation.gov.uk/id/effect/key-025d6dc77b9d5cc22b3a8710937f7095" Row="977" AffectedNumber="40"><ukm:AffectedTitle>Friendly Societies Act 1992</ukm:AffectedTitle><ukm:AffectedTitle>FRIENDLY SOCIETIES ACT 1992</ukm:AffectedTitle><ukm:AffectedProvisions>Blanket amendment</ukm:AffectedProvisions><ukm:AffectingTitle>The Treaty of Lisbon (Changes in Terminology) Order 2011</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="article-3" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/3">art. 3</ukm:Section> <ukm:Section Ref="article-6" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/6">6</ukm:Section></ukm:AffectingProvisions><ukm:Savings><ukm:Section Ref="article-3-2" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/3/2">art. 3(2)</ukm:Section><ukm:Section Ref="article-3-3" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/3/3">art. 3(3)</ukm:Section> <ukm:Section Ref="article-4-2" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/4/2">4(2)</ukm:Section> <ukm:Section Ref="article-6-4" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/6/4">6(4)</ukm:Section><ukm:Section Ref="article-6-5" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/6/5">(5)</ukm:Section></ukm:Savings><ukm:CommencementAuthority><ukm:Section Ref="article-2" URI="http://www.legislation.gov.uk/id/uksi/2011/1043/article/2">art. 2</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2011-04-22" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect Modified="2023-05-24T14:56:17Z" URI="http://www.legislation.gov.uk/id/effect/key-06ab344ab99acf6947abf0c469d890ef" AffectedNumber="40" AffectingYear="2005" EffectId="key-06ab344ab99acf6947abf0c469d890ef" Comments="Unless otherwise provided, do not alter &#34;amending&#34; text (i.e. text in the affected legislation that makes changes to the text of another document). The target document of such amendments itself will be altered by Sch. 11, see s. 59(6). Amendment not required." AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingNumber="4" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2005/4" AffectingProvisions="Sch. 11 para. 5" AffectedYear="1992" AffectedProvisions="Blanket Amendment" AffectedExtent="E+W+S+N.I." AffectedURI="http://www.legislation.gov.uk/id/ukpga/1992/40" AffectingClass="UnitedKingdomPublicGeneralAct" RequiresApplied="false" AffectedClass="UnitedKingdomPublicGeneralAct" Type="words substituted" Row="971"><ukm:AffectedTitle>Friendly Societies Act 1992</ukm:AffectedTitle><ukm:AffectedTitle>FRIENDLY SOCIETIES ACT 1992</ukm:AffectedTitle><ukm:AffectedProvisions>Blanket Amendment</ukm:AffectedProvisions><ukm:AffectingTitle>Constitutional Reform Act 2005</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-11" URI="http://www.legislation.gov.uk/id/ukpga/2005/4/schedule/11">Sch. 11 </ukm:Section><ukm:Section Ref="schedule-11-paragraph-5" URI="http://www.legislation.gov.uk/id/ukpga/2005/4/schedule/11/paragraph/5">para. 5</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-148-1" URI="http://www.legislation.gov.uk/id/ukpga/2005/4/section/148/1">s. 148(1)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Prospective="true" Qualification=""/><ukm:InForce CommencingURI="http://www.legislation.gov.uk/id/uksi/2009/1604" CommencingClass="UnitedKingdomStatutoryInstrument" Date="2009-10-01" Qualification="wholly in force" CommencingYear="2009" CommencingNumber="1604" Applied="false"><ukm:CommencingProvisions><ukm:Section Ref="article-2-d" URI="http://www.legislation.gov.uk/id/uksi/2009/1604/article/2/d">art. 2(d)</ukm:Section></ukm:CommencingProvisions></ukm:InForce></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									 
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				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/body" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/body" NumberOfProvisions="165" RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/part/VI" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/part/VI" NumberOfProvisions="30" id="part-VI" RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31"><Number>Part VI</Number><Title> Accounts and Audit</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/part/VI/crossheading/auditors-report-on-annual-accounts" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/part/VI/crossheading/auditors-report-on-annual-accounts" NumberOfProvisions="8" id="part-VI-crossheading-auditors-report-on-annual-accounts" RestrictStartDate="2020-12-31"><Title> Auditors’ report on annual accounts</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2013-04-01"><Title> Approval and signing of accounts.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/section/76" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76" id="section-76"><Pnumber><CommentaryRef Ref="c15384861"/>76</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/section/76/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76/1" id="section-76-1"><Pnumber>1</Pnumber><P2para><Text>The annual accounts of a friendly society or a registered branch shall be approved by the committee of management.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/section/76/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76/2" id="section-76-2"><Pnumber>2</Pnumber><P2para><Text>The accounts so approved shall be signed by the secretary of the society or branch; and the signature shall be on the balance sheet.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/section/76/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76/3" id="section-76-3"><Pnumber>3</Pnumber><P2para><Text>Every copy of the balance sheet which is laid before the society or branch in general meeting, or is otherwise circulated, published or issued, shall state the name of the secretary of the society or branch.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/section/76/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76/4" id="section-76-4"><Pnumber>4</Pnumber><P2para><Text>The copy of the balance sheet of a friendly society or a registered branch which is sent  <CommentaryRef Ref="key-a99f1ec17a3a90a5cbbb60482eb4ab08"/>... under section 78 below shall be signed by the secretary of the society or branch.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/section/76/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76/5" id="section-76-5"><Pnumber>5</Pnumber><P2para><Text>If annual accounts of a society or branch are approved which do not comply with the requirements of this Act, every member of the committee of management who is party to their approval and who knows that they do not comply or is reckless as to whether they comply is guilty of an offence and liable on summary conviction to a fine not exceeding level 5 on the standard scale.</Text></P2para><P2para><Text>For this purpose every member of the committee at the time the accounts are approved shall be taken to be a party to their approval unless he shows that he took all reasonable steps to prevent their being approved.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/section/76/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76/6" id="section-76-6"><Pnumber>6</Pnumber><P2para><Text>If a copy of the balance sheet of a society or branch—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/section/76/6/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76/6/a" id="section-76-6-a"><Pnumber>a</Pnumber><P3para><Text>is laid before the society or branch, or otherwise circulated, published or issued, without the balance sheet having been signed as required by this section or without the required statement of the signatory’s name being included; or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1992/40/section/76/6/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76/6/b" id="section-76-6-b"><Pnumber>b</Pnumber><P3para><Text>is sent  <CommentaryRef Ref="key-a99f1ec17a3a90a5cbbb60482eb4ab08"/>... without being signed as required by this section,</Text></P3para></P3><Text>the society or branch and every officer of it who is in default is guilty of an offence and liable on summary conviction to a fine not exceeding level 3 on the standard scale.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary><Commentaries><Commentary id="c15384861" Type="I"><Para><Text><CitationSubRef id="c01759" URI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76" SectionRef="section-76">S. 76</CitationSubRef> wholly in force; <CitationSubRef id="c01760" URI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76" SectionRef="section-76">s. 76</CitationSubRef> not in force at Royal Assent see <CitationSubRef id="c01761" URI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/126/2" SectionRef="section-126-2">s. 126(2)</CitationSubRef>; <CitationSubRef id="c01762" URI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76" SectionRef="section-76">s. 76</CitationSubRef> in force for certain purposes at 13.1.1993 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1993/16" id="c01763" Class="UnitedKingdomStatutoryInstrument" Year="1993" Number="16">S.I. 1993/16</Citation>, <CitationSubRef CitationRef="c01763" id="c01764" URI="http://www.legislation.gov.uk/id/uksi/1993/16/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef CitationRef="c01763" id="c01765" URI="http://www.legislation.gov.uk/id/uksi/1993/16/schedule/1" Operative="true" SectionRef="schedule-1">Sch. 1</CitationSubRef>; <CitationSubRef CitationRef="c01763" id="c01766" URI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76" SectionRef="section-76">s. 76</CitationSubRef> in force for all remaining purposes at 1.1.1994 by <Citation URI="http://www.legislation.gov.uk/id/uksi/1993/2213" id="c01767" Class="UnitedKingdomStatutoryInstrument" Year="1993" Number="2213">S.I. 1993/2213</Citation>, <CitationSubRef CitationRef="c01767" id="c01768" URI="http://www.legislation.gov.uk/id/uksi/1993/2213/article/2/1" SectionRef="article-2-1">art. 2(1)</CitationSubRef>, <CitationSubRef CitationRef="c01767" id="c01769" URI="http://www.legislation.gov.uk/id/uksi/1993/2213/schedule/5" Operative="true" SectionRef="schedule-5">Sch. 5</CitationSubRef></Text></Para></Commentary><Commentary id="key-a99f1ec17a3a90a5cbbb60482eb4ab08" Type="F"><Para><Text>Words in <CitationSubRef id="cyehub6c4-00006" SectionRef="section-76" URI="http://www.legislation.gov.uk/id/ukpga/1992/40/section/76">s. 76</CitationSubRef> omitted (1.4.2013) by virtue of <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/496" id="cyehub6c4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="496" Title="The Financial Services Act 2012 (Mutual Societies) Order 2013">The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496)</Citation>, <CitationSubRef CitationRef="cyehub6c4-00007" id="cyehub6c4-00008" SectionRef="article-1-1" URI="http://www.legislation.gov.uk/id/uksi/2013/496/article/1/1">art. 1(1)</CitationSubRef>, <CitationSubRef CitationRef="cyehub6c4-00007" id="cyehub6c4-00009" SectionRef="schedule-9-paragraph-30" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/9/paragraph/30" Operative="true">Sch. 9 para. 30</CitationSubRef> (with <CitationSubRef CitationRef="cyehub6c4-00007" id="cyehub6c4-00010" SectionRef="schedule-12" URI="http://www.legislation.gov.uk/id/uksi/2013/496/schedule/12">Sch. 12</CitationSubRef>)</Text></Para></Commentary></Commentaries></Legislation>