sec.50Appointment of administrator

sec.50 Appointment of administrator

This section applies if— the registrar considers that— a society has contravened this Act or the society’s rules and, after being given written notice of the contravention by the registrar, has allowed the contravention to continue or has again contravened this Act or the rules; or a society is trading unprofitably or has an accumulated deficit in its profit and loss appropriation account; or a society’s affairs are being conducted in an improper or financially unsound way; or after making the inquiries about a society the registrar considers appropriate, the registrar is satisfied that it is in the interest of members or creditors that the society’s affairs be conducted by an administrator; or the registrar has certified that any of the events mentioned in section 183 (1) (a) , (b) or (f) has happened in relation to a society. The registrar may appoint an administrator to conduct a society’s affairs. The appointment must be made by written notice. The notice of appointment must state— the date of appointment; and the appointee’s name; and the appointee’s business address. An administrator holds office until the administrator’s appointment is revoked. s 50 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.50-ssec.1) This section applies if— the registrar considers that— a society has contravened this Act or the society’s rules and, after being given written notice of the contravention by the registrar, has allowed the contravention to continue or has again contravened this Act or the rules; or a society is trading unprofitably or has an accumulated deficit in its profit and loss appropriation account; or a society’s affairs are being conducted in an improper or financially unsound way; or after making the inquiries about a society the registrar considers appropriate, the registrar is satisfied that it is in the interest of members or creditors that the society’s affairs be conducted by an administrator; or the registrar has certified that any of the events mentioned in section 183 (1) (a) , (b) or (f) has happened in relation to a society. (sec.50-ssec.2) The registrar may appoint an administrator to conduct a society’s affairs. (sec.50-ssec.3) The appointment must be made by written notice. (sec.50-ssec.4) The notice of appointment must state— the date of appointment; and the appointee’s name; and the appointee’s business address. (sec.50-ssec.5) An administrator holds office until the administrator’s appointment is revoked.

• (a) the registrar considers that— (i) a society has contravened this Act or the society’s rules and, after being given written notice of the contravention by the registrar, has allowed the contravention to continue or has again contravened this Act or the rules; or (ii) a society is trading unprofitably or has an accumulated deficit in its profit and loss appropriation account; or (iii) a society’s affairs are being conducted in an improper or financially unsound way; or