SCHEDULE 2APPLICATION OF THE 1969 ACT WITH MODIFICATIONS
1
1
Subsection (3) of section 27 (registration of society) shall, for the purposes of the registration of a prescribed community benefit society that has included in its rules a restriction on use, have effect as if, after “thereunder”, there were inserted “and the provisions of the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006”.
2
Subsection (3) of section 98 (amendment of registered rules) shall, for the purposes of an amendment made to the rules of a prescribed community benefit society in accordance with regulation 4(2), have effect as if, after “this Act” there were inserted “or the provisions of the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006”.
2
Section 159 (cancellation of registration of society) shall apply to a prescribed community benefit society that has a restriction on use as if—
a
at the end of subsection (1)(c), there were inserted—
; or
iv
on proof to the his satisfaction that the society has contravened regulation 3 of the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006
b
in subsection (4), after “subsection (1)(c)(ii)” there were inserted “or (iv)”.
3
Section 5710 (production of documents and provision of information for certain purposes) shall apply to a prescribed community benefit society that has a restriction on use and to an officer or former officer of such a society as if, in subsection (1)—
a
after “section 15(1)(c)(ii)” there were inserted “or (iv)”; and
b
after “or 65” there were inserted “, or regulation 9, 10 or 11 of the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006 or for the purposes of gathering evidence to enable the court to exercise its powers under regulation 15 of those Regulations”.
4
Section 59 (amalgamation of societies) shall apply to a prescribed community benefit society that has a restriction on use as if—
a
at the beginning of subsection (1), for the word “Any” there were substituted “Subject to subsection (1A), any”; and
b
after subsection (1), there were inserted—
1A
A registered society that—
a
is a prescribed community benefit society ; and
b
has a restriction on use,
may only amalgamate with another registered society that is a prescribed community benefit society and has a restriction on use and, for this purpose, “prescribed community benefit society” and “restriction on use” have the same meaning as in the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006.
5
Section 60 (transfer of engagements between societies) shall apply to a prescribed community benefit society that has a restriction on use as if—
a
at the beginning of subsection (1), for the word “Any” there were substituted “Subject to subsection (1A), any”; and
b
after subsection (1), there were inserted—
1A
A registered society that—
a
is a prescribed community benefit society; and
b
has a restriction on use,
may only transfer its engagements in accordance with subsection (1) where the effect of that transfer would be that the whole or any part of the society’s assets would be transferred to another registered society that is a prescribed community benefit society and has a restriction on use and, for this purpose, “prescribed community benefit society” and “restriction on use” have the same meaning as in the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006.
6
Section 6111 (conversion into, or transfer of engagements to, company) shall apply to a prescribed community benefit society that has a restriction on use as if, for subsection (1), there were substituted—
1
A registered society may by special resolution determine to convert itself into, or transfer its engagements to—
a
a company to be formed and registered under the Companies (Northern Ireland) Order 1986 that is a registered housing association (within the meaning in the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006); or
b
a company to be formed and registered under the Companies (Northern Ireland) Order 1986 that is a charity (within the meaning of those Regulations).
7
Section 68 (restriction on dissolution or cancellation of registration of society) shall apply to a prescribed community benefit society that has a restriction on use as if—
a
in subsection (1), after “persons entitled” there were inserted “and that any such conveyance or transfer complied with the society’s restriction on use”; and
b
in subsection (2), at the end, there were added “and that any such conveyance or transfer complied with the society’s restriction on use”.