3(1)Subject to the following provisions of this Schedule, the enactments shall, in their application to incorporated friendly societies, have effect with the substitution—
(a)for “company" of “ incorporated friendly society ”;
(b)for “directors" of “ committee of management ”;
(c)for “the registrar of companies" or “ the registrar ” of “ the central office ”; and
(d)for “the articles" of “ the rules ”.
(2)Subject to the following provisions of this Schedule in the application of the enactments to incorporated friendly societies—
(a)every reference to the officers, or to a particular officer, of a company shall have effect as a reference to the officers, or to the corresponding officer, of the incorporated friendly society and as including a person holding himself out as such an officer;
(b)every reference to a director of a company shall be construed as a reference to a member of the committee of management; and
(c)every reference to an administrator, an administration order, an administrative receiver, a shadow director or a voluntary arrangement shall be omitted.