Section 150

Introduction

1 In this Schedule -

"the 1893 Act" means the Industrial and Provident Societies Act 1893;

"the 1975 Act" means the Industrial and Provident Societies Act 1975;

"the 1978 Act" means the Industrial and Provident Societies Act 1978.

Section 5 (cancellation of registration): societies registered before 26 July 1938 

2

(1) Condition D of section 5 (cancellation of registration) does not apply to a society registered or treated as registered under the 1893 Act before 26 July 1938 if no invitation to subscribe for or to acquire or offer to acquire securities, or to lend or deposit money, has been made on or after that date by or on behalf of the society.

(2) See also paragraph 15 of this Schedule (power to apply for winding up of a society on grounds similar to that in Condition D).

Powers of a society registered on or before 1 January 1894