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Friendly Societies Act 1992

Friendly Societies Act 1992 Sch 14 para 3

Sch 14 para 3

(1) If at any annual general meeting of a friendly society or registered branch no auditor is appointed or re-appointed, the appropriate authority may appoint a person to fill the vacancy; and the society or branch shall, within one week of the power of the appropriate authority becoming exercisable, give it notice of that fact. (2) If a society or branch fails to give the notice required by sub-paragraph (1) above, the society or branch shall be guilty of an offence and liable on summary conviction— (a) to a fine not exceeding level 3 on the standard scale; and (b) in the case of a continuing offence to an additional fine not exceeding one-tenth of that level for every day during which the offence continues.

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