Financial Intermediaries Act 1996
sec.73Registration
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sec.73 Registration
A proposed society formed under this part may apply to the registrar, under a regulation, to be registered under this Act as a society. An application for registration must— be made within 2 months after the formation meeting at which the first directors of the society were elected; and be accompanied by— a statutory declaration by the person presiding at the formation meeting and the secretary of the meeting, stating that the requirements of section 72 have been complied with; and a copy of the statement presented to the meeting, signed by the person presiding and the secretary; and 2 copies of the proposed rules of the society, certified by the person presiding and the secretary to be the rules approved at the meeting; and a list containing the full name, date and place of birth, residential address and business occupation of each director; and a list containing the full name, address and occupation of each of 5 or more adults who attended the meeting and applied for membership; and such evidence as the registrar requires— that the society is eligible for registration; and that the society, if registered, will be able to comply with this Act and all relevant standards; and that the society, if registered, will be able to carry out its objects successfully. The registrar may, for this section, accept a statutory declaration as adequate evidence of matters mentioned in the declaration. If the registrar is satisfied that the society is eligible for registration, the registrar must— register the society as a cooperative housing society; and register its proposed rules. A society is eligible for registration only if— the society’s application for registration complies with this Act; and the proposed rules of the society are not contrary to this Act; and there are reasonable grounds for believing the society will, if registered— be able to comply with all relevant standards; and be able to carry out its objects successfully; and there is no good reason why the society and its rules should not be registered. s 73 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.73-ssec.1) A proposed society formed under this part may apply to the registrar, under a regulation, to be registered under this Act as a society. (sec.73-ssec.2) An application for registration must— be made within 2 months after the formation meeting at which the first directors of the society were elected; and be accompanied by— a statutory declaration by the person presiding at the formation meeting and the secretary of the meeting, stating that the requirements of section 72 have been complied with; and a copy of the statement presented to the meeting, signed by the person presiding and the secretary; and 2 copies of the proposed rules of the society, certified by the person presiding and the secretary to be the rules approved at the meeting; and a list containing the full name, date and place of birth, residential address and business occupation of each director; and a list containing the full name, address and occupation of each of 5 or more adults who attended the meeting and applied for membership; and such evidence as the registrar requires— that the society is eligible for registration; and that the society, if registered, will be able to comply with this Act and all relevant standards; and that the society, if registered, will be able to carry out its objects successfully. (sec.73-ssec.3) The registrar may, for this section, accept a statutory declaration as adequate evidence of matters mentioned in the declaration. (sec.73-ssec.4) If the registrar is satisfied that the society is eligible for registration, the registrar must— register the society as a cooperative housing society; and register its proposed rules. (sec.73-ssec.5) A society is eligible for registration only if— the society’s application for registration complies with this Act; and the proposed rules of the society are not contrary to this Act; and there are reasonable grounds for believing the society will, if registered— be able to comply with all relevant standards; and be able to carry out its objects successfully; and there is no good reason why the society and its rules should not be registered.