(1) Subject to the following provisions of this section, an incorporated friendly society may include among its purposes any of the following activities -
(a) forming subsidiaries;
(b) taking part with others in forming bodies corporate to be jointly controlled by it;
(c) otherwise acquiring, or keeping, control or joint control of bodies corporate.
(2) [deleted]
(3) [deleted]
(4) [deleted]
(5) [deleted]
(6) Any alteration of the memorandum of an incorporated friendly society to include among its purposes and powers the carrying on of any activity such as is mentioned in subsection (1) above must be adopted by a special resolution of the society in general meeting; and any amendment of a provision in its memorandum which permits it to do so must also be so adopted.
(7) A registered friendly society may not include in a memorandum adopted for the purposes of paragraph 2(1)(c) of Schedule 3 to this Act any provision enabling it on incorporation to carry on any activity such as is mention
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