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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  registered ­
  office,  notice  of  such  change  shall  be  sent  within  14
days  thereafter  to  the  registrar  in  manner  and  form  provided ­
  by  the  Treasury  regulation  in  that  behalf.—Industrial ­
  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.