FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970

	[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here: BAILII >> Databases >> Northern Irish Legislation >> FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 1



1.(1) Subject to subsections (2) and (3) and also to section 3, the following
societies may be registered under this Act, that is to say,

(a)societies (in this Act called "friendly societies") for the purpose of
providing by voluntary subscriptions of the members, with or without the aid
of donations, for any of the purposes specified in Schedule 1;

(b)societies (in this Act called "cattle insurance societies") for the purpose
of insurance to any amount against loss of cattle, sheep, lambs, swine,
horses, and other animals by death from disease or otherwise;

(c)societies (in this Act called "benevolent societies") for any benevolent or
charitable purpose;

(d)societies (in this Act called "working men's clubs") for purposes of social
intercourse, mutual helpfulness, mental and moral improvement and rational
recreation;

(e)societies (in this Act called "old people's home societies") for the
purpose of providing homes for members and others at any age after fifty;

(f)societies (in this Act called "specially authorised societies") for any
purpose which the Ministry of Commerce (in this Act referred to as "the
Ministry") may authorise as a purpose to which the provisions of this Act, or
such of them as are specified in the authority, ought to be extended.

(2) A society may not be registered under this Act unless

(a)the rules of the society contain provisions in respect of the several
matters mentioned in Part I of Schedule 2 applicable to all societies and, in
the case of a friendly society or cattle insurance society, also contain
provisions in respect of the several matters mentioned in Part II of that
Schedule applicable to those societies; and

(b)the place which under the society's rules is to be the society's registered
office is situate in Northern Ireland; and

(c)it consists of at least seven persons.

[(3) A friendly society or branch thereof may not be registered under this Act

(a)if it contracts with any person for the assurance under
tax exempt life or endowment business of more than #104 a year by way of
annuity or more than #500 by way of gross sum; or

(b)if it contracts with any person for the assurance of an annuity or of a
gross sum in excess of the limits in section 64.

(3A) In the case of a registered friendly society or branch whose rules make
no provision for it to carry on life or endowment business consisting of the
assurance of gross sums exceeding [#2,000] or of the granting of annuities of
annual amounts exceeding [#416], subsection (3)(a) shall have effect with the
substitution of references to [#416] and [#2,000] respectively for the
references to #104 and #500.]

(4) Where any provisions of this Act are specified in an authority given under
paragraph (f) of subsection (1), those provisions only shall extend to a
society which has been registered as a specially authorised society by virtue
of that authority.

[(5) In this section "life or endowment business" and "tax exempt life or
endowment business" have the meanings assigned to them by subsections (2) and
(3) respectively of section 337 of the Income and Corporation Taxes Act 1970;
and subsection (2) of section 55 shall apply in relation to the limits in
subsection (3) (including where applicable those limits as modified by
subsection (3A)) as it applies in relation to the limits in section 55.]

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/fsai1970361/s1.html

Northern Irish Legislation

FRIENDLY SOCIETIES ACT (NORTHERN IRELAND) 1970 - SECT 1