Financial Intermediaries Act 1996
sec.128Registration of special resolution
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sec.128 Registration of special resolution
A society must, within 1 month after a special resolution has been passed, submit the resolution to the registrar for registration. A special resolution is of no effect until registered. The registrar must register a special resolution of a society if satisfied that— the special resolution is not contrary to— this Act; or a standard; and there is no good reason why the special resolution should not be registered. s 128 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.128-ssec.1) A society must, within 1 month after a special resolution has been passed, submit the resolution to the registrar for registration. (sec.128-ssec.2) A special resolution is of no effect until registered. (sec.128-ssec.3) The registrar must register a special resolution of a society if satisfied that— the special resolution is not contrary to— this Act; or a standard; and there is no good reason why the special resolution should not be registered.
- (a) the special resolution is not contrary to— (i) this Act; or (ii) a standard; and
- (i) this Act; or
- (ii) a standard; and
- (b) there is no good reason why the special resolution should not be registered.
- (i) this Act; or
- (ii) a standard; and