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TRADING STAMPS ACT (NORTHERN IRELAND) 1965 - SECT 1

1.(1) No person other than a company or an industrial and provident society
shall carry on business as the promoter of a trading stamp scheme.

[(2) If and so long as a private company carries on business as the promoter
of a trading stamp scheme, the company shall be deemed not to be a private
company for the purposes of the following provisions of the Companies Act
(Northern Ireland) 1960, that is to say

(a)section 122 (documents to be annexed to annual return);

(b)section 137 (duty to forward to registrar copies of certain resolutions and
agreements);

(c)section 155(2)(b) (disqualification of auditors);

(d)section 181(1) (prohibition of loans to directors).]

(3) Section 359(3) of the Companies Act (Northern Ireland), 1960, shall not
apply to any company registered in Great Britain where and so long as such
company carries on business as the promoter of a trading stamp scheme in
Northern Ireland.

(4) Any person who carries on business in contravention of subsection (1)
shall be guilty of an offence and shall be liable

(a)on conviction on indictment to a fine of any amount, and

(b)on summary conviction to a fine not exceeding one hundred pounds.

(5) In this and the next following section

"company" means a company formed and registered under the Companies Act
(Northern Ireland) 1960 or an existing company within the meaning of that Act,
and a company which carries on business as the promoter of a
trading stamp scheme in Great Britain under the Trading Stamps Act, 1964, and
which has an established place of business in Northern Ireland;

"private company" has the same meaning as in the Companies Act (Northern
Ireland) 1960; and;

"industrial and provident society" means a society registered in Northern
Ireland under the Industrial and Provident Societies Act 1893.

© 1965 Crown Copyright

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