The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

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Monograph

Identifikator:: 875232663

URN:: urn:nbn:de:zbw-retromon-2698

Document type:: Monograph

Title:: The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

Place of publication:: with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index$gTenth edition, revised and enlarged

Publisher:: Shaw and Sons

Year of publication:: 1881

Scope:: 1 Online-Ressource (XII, 303 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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274 MODEL BULES The committee of management shall once at least in every year submit the accounts of the society, together with a general statement of the same and all necessary vouchers up to the 31st December then last, for audit, either to one of the public auditors appointed under the Industrial and Provident Societies Act, 1876, or to two or more persons appointed as auditors by the members at the meeting next before each yearly meeting of the society, and shall lay before every such meeting a balance sheet (which either may or may not be identical with the annual return, but must not be in contradiction to the same), showing the receipts and expenditure, funds and effects of the society, together with a statement of the affairs of the society since the last ordinary meeting, and of their then condition. Such auditors shall have access to all the books and accounts of the society, and shall examine every balance sheet and annual return of the receipts and expen diture, funds and effects of the society, and shall verify the same with the accounts and vouchers relating thereto, and shall either sign the same as found by them to be correct, duly vouched, and in accordance with law, or shall specially report to the meeting of the society, before which the same is laid, in what respects they find it incorrect, unvouched, or not in accordance with law.—Industrial and Provident Societies Act, 1876, s. 10. (1 c.) 9.—Investment of Capital. The committee of management may, if they shall think fit, invest in any company established under the Companies Acts, or incorporated by Act of parliament or by charter, with limited liability, or in any society under the Indus trial and Provident Societies Act, 1876, or the Building Societies Acts, any part of the capital funds of the society, at such rate of interest and upon such terms as to repay ment or otherwise as may be agreed upon. [State here any other manner in which the capital may be invested.] 10.—Loans and Deposits. The society may contract loans and may receive money on deposit, from members and others, not exceeding 5s. in one sum, or ,£20 from one depositor, repayable at not less than two day’s notice. [State the conditions, security, and limit of amount.] No payment of withdrawable capital shall be made while any claim in respect of a

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