Industrial and Provident Societies Act, 1893
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SCHEDULE II. Matters to be provided for by the Rules of Societies registered under this Act. | ||
Sect. 10 . | ||
1. Object, name, and registered offices of the society. | ||
2. Terms of admission of the members, including any society or company investing funds in the society under the provisions of this Act. | ||
3. Mode of holding meetings, scale and right of voting, and of making, altering, or rescinding rules. | ||
4. The appointment and removal of a committee of management, by whatever name, of managers or other officers, and their respective powers and remuneration. | ||
5. Determination of the amount of interest, not exceeding two hundred pounds sterling, in the shares of the society which any member other than a registered society may hold. | ||
6. Determination whether the society may contract loans or receive money on deposit subject to the provisions of this Act from members or others; and, if so, under what conditions, on what security, and to what limits of amount. | ||
7. Determination whether the shares or any of them shall be transferable; and provision for the form of transfer and registration of the shares, and for the consent of the committee thereto; determination whether the shares or any of them shall be withdrawable, and provision for the mode of withdrawable and for payment of the balance due thereon on withdrawing from the society. | ||
8. Provision for the audit of accounts and for the appointment of auditors or a public auditor. | ||
9. Determination whether and how members may withdraw from the society, and provision for the claims of the representatives of deceased members, or the trustees of the property of bankrupt members, and for the payment of nominees. | ||
10. Mode of application of profits. | ||
11. Provisions for the custody and use of the seal of the society. | ||
12. Determination whether, and by what authority, and in what manner, any part of the capital may be invested. |