Building Societies Act, 1976

Power to inspect and obtain documents, etc.

34.—(1) The Registrar may at any time serve a notice on a society or on any person who has in his power, possession or procurement books, accounts, deeds, records or other documents relating to the business of a society, or who is or has been an officer, servant, auditor or agent of a society, requiring the production to the Registrar of such documents or the furnishing to him of such information relating to the business of the society as he may consider necessary for the purposes of his powers under sections 31 and 32.

(2) A notice under subsection (1) may not require a person, other than a person who is or has been an officer, servant, auditor or agent of the society, to produce a document which does not belong to the society, unless the document is a title document relating to property mortgaged to the society.

(3) (a) The Registrar or a person duly authorised in writing in that behalf by the Registrar may, for the purpose of the performance by the Registrar of his functions under this Act and on production of his authorisation if so required, at all reasonable times enter premises and inspect and take copies of or extracts from the books and records of a society.

(b) A person who has in his power, possession or procurement any of the books and records referred to in paragraph (a) shall produce them at the request of the Registrar or a person duly authorised under this section and shall permit the person to inspect and take copies of or extracts from them and give him any information which he may reasonably require regarding any entries in them.

(4) A person who fails to comply with a notice or request under this section, or obstructs a person acting in the course of his duties under subsection (3), refuses to permit the taking of copies or extracts under this section or refuses to give information required under this section shall be guilty of an offence and shall be liable on summary conviction to a fine not exceeding £200, and in the case of a continuing offence shall be liable to a further fine of £10 for each day on which the offence is continued.