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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 9 June 1997 - onwards
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Schedule 4, Part I Directions under section 42B(3) (paras. 1-5)

Section 17(2).

Preliminary

1 This Part of this Schedule applies where a direction is given under section 42B(3) ("the direction").

Compensation for loss of office

2

(1) The consent of the Commission shall be sufficient authority for the provision for any such compensation as is mentioned in section 96(1)(a).

(2) A resolution of the board of directors passed in pursuance of the direction shall be sufficient authority for any such payments as are mentioned in section 96(1)(b).

Statements to members

3

(1) The following provisions of this paragraph shall apply in place of paragraph 1 of Schedule 16.

(2) The society shall send to every member entitled to notice of a meeting of the society, a statement containing -

(a) the particulars required, in relation to prescribed matters, by regulations under section 42B(8); and

(b) particulars of any other matters required by the Commission in the case of the particular transfer of engagements,

with or without other particulars regarding that transfe

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