270
MODEL RULES
MODEL RULES EOR AN INDUSTRIAL AND
PROVIDENT SOCIETY PURSUANT TO THE
INDUSTRIAL AND PROVIDENT SOCIETIES
ACT, 1876.
1.—Name, Place of Office, and Object of Society.
This society shall he called the “ Industrial and
Provident Society, Limited,” and the registered office of the
society shall be No. , Street in the
parish of , and county of . The object of
the society is to carry on the labour, trade, or handicraft
of both wholesale and retail [and the buying and
selling of land].
In the event of any change in the situation of the regis
tered office, notice of such change shall be sent within 14
days thereafter to the registrar in manner and form pro
vided by the Treasury regulation in that behalf.—Indus
trial and Provident Societies Act, 1876, s. 10 (1 a.)
2.—Admission of Members.
No person shall be admitted as member of the society
except by the committee of management, and every member
on election shall take one or more share or shares of £
each. He shall pay as entrance money, and shall
have given to him a copy of the rules of the society. A
society or company may be admitted a member upon the
same terms, and shall be entitled to be represented at
general meetings by any person it may appoint under its
seal.
No member, other than a registered society, shall hold
an interest exceeding £ (a) in the shares of the
society.
3.—Powers of Society.
The society may erect any houses, cottages or other
buildings on any lands from time to time held by the
society, and may alter or pull down and again rebuild any
buildings, whether erected by the society, or otherwise
(a) The sum mentioned must not exceed £200.