1950_CO-OPERATIVE_SOCIETIES_RULES — Page 20

HK Historical Laws 香港歷史法例 All AI Reviewed
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Co-operative Societies.

what respects he finds the same incorrect unvouched or not in accordance with the Ordinance. The Registrar shall thereupon forward the report of such person to the committee.

[CAP. 33

supervision

68. (1) There shall be constituted a fund to be known as the audit and supervision fund and every registered society shall, when called upon to do so by the Registrar, make annually a contribution to such fund.

(2) Until such time as a society has been established and registered for the purposes of supervision and audit, such contributions shall be held by the Registrar and administered by him on behalf of the contributing registered societies.

(3) So long as the Registrar administers the fund on behalf of the contributing registered societies, he shall report in every year to the Government in respect of the income derived from contributions, the expenditure he has sanctioned from the fund and the balance in his hands.

(4) As soon as a society for supervision and audit has been established and registered, the fund shall be credited to such society and shall be utilized by such society in accordance with its objects and by-laws.

(5) Until a society for supervision and audit has been established and registered, the Registrar shall fix the amount of the annual contribution to the fund of every registered society called upon to contribute to the fund. The amount of every such annual contribution shall be subject to a maximum of either five per cent of the net annual profits of the registered society or of one per cent of the working capital of the registered society, and shall not in any case be less than three per cent on the net annual profits or one half per cent of the working capital.

69. (1) The by-laws of a proposed society shall contain provision in respect of the following matters-

(a) the name of the society;

(b) the registered address of the society;

(c) the objects for which the society was established; (d) the purposes to which the funds may be applied;

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Co-operative Societies. what respects he finds the same incorrect unvouched or not in accordance with the Ordinance. The Registrar shall thereupon forward the report of such person to the committee. [CAP. 33 supervision 68. (1) There shall be constituted a fund to be known as the audit and supervision fund and every registered society shall, when called upon to do so by the Registrar, make annually a contribution to such fund. (2) Until such time as a society has been established and registered for the purposes of supervision and audit, such contributions shall be held by the Registrar and administered by him on behalf of the contributing registered societies. (3) So long as the Registrar administers the fund on behalf of the contributing registered societies, he shall report in every year to the Government in respect of the income derived from contributions, the expenditure he has sanctioned from the fund and the balance in his hands. (4) As soon as a society for supervision and audit has been established and registered, the fund shall be credited to such society and shall be utilized by such society in accordance with its objects and by-laws. (5) Until a society for supervision and audit has been established and registered, the Registrar shall fix the amount of the annual contribution to the fund of every registered society called upon to contribute to the fund. The amount of every such annual contribution shall be subject to a maximum of either five per cent of the net annual profits of the registered society or of one per cent of the working capital of the registered society, and shall not in any case be less than three per cent on the net annual profits or one half per cent of the working capital. 69. (1) The by-laws of a proposed society shall contain provision in respect of the following matters- (a) the name of the society; (b) the registered address of the society; (c) the objects for which the society was established; (d) the purposes to which the funds may be applied; 207 Page 20 Page 21
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Co-operative Societies. what respects he finds the same incorrect unvouched or not in accordance with the Ordinance. The Registrar shall thereupon forward the report of such person to the committee. [CAP. 33 supervision 68. (1) There shall be constituted a fund to be known Audit and as the audit and supervision fund and every registered society fund. shall, when called upon to do so by the Registrar, make annually a contribution to such fund. (2) Until such time as a society has been established and registered for the purposes of supervision and audit, such contributions shall be held by the Registrar and ad- ministered by him on behalf of the contributing registered societies. (3) So long as the Registrar administers the fund on behalf of the contributing registered societies, he shall report in every year to the Government in respect of the income derived from contributions, the expenditure he has sanc- tioned from the fund and the balance in his hands. (4) As soon as a society for sùpervision and audit has been established and registered, the fund shall be credited to such society and shall be utilized by such society in accordance with its objects and by-laws. (5) Until a society for supervision and audit has been established and registered, the Registrar shall fix the amount of the annual contribution to the fund of every registered society called upon to contribute to the fund. The amount of every such annual contribution shall be subject to a maximum of either five per cent of the net annual profits of the registered society or of one per cent of the working capital of the registered society, and shall not in any case be less than three per cent on the net annual profits or one half per cent of the working capital. 69. (1) The by-laws of a proposed society shall contain By-laws. provision in respect of the following matters- (a) the name of the society; (b) the registered address of the society; (c) the objects for which the society was established; (d) the purposes to which the funds may be applied; 207 Page 20Page 21
2026-05-03 18:22:46 · Baseline
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Co-operative Societies.

what respects he finds the same incorrect unvouched or not in accordance with the Ordinance. The Registrar shall thereupon forward the report of such person to the committee.

[CAP. 33

supervision

68. (1) There shall be constituted a fund to be known Audit and as the audit and supervision fund and every registered society fund. shall, when called upon to do so by the Registrar, make annually a contribution to such fund.

(2) Until such time as a society has been established and registered for the purposes of supervision and audit, such contributions shall be held by the Registrar and ad- ministered by him on behalf of the contributing registered

societies.

(3) So long as the Registrar administers the fund on behalf of the contributing registered societies, he shall report in every year to the Government in respect of the income derived from contributions, the expenditure he has sanc- tioned from the fund and the balance in his hands.

(4) As soon as a society for sùpervision and audit has been established and registered, the fund shall be credited to such society and shall be utilized by such society in accordance with its objects and by-laws.

(5) Until a society for supervision and audit has been established and registered, the Registrar shall fix the amount of the annual contribution to the fund of every registered society called upon to contribute to the fund. The amount of every such annual contribution shall be subject to a maximum of either five per cent of the net annual profits of the registered society or of one per cent of the working capital of the registered society, and shall not in any case be less than three per cent on the net annual profits or one half per cent of the working capital.

69. (1) The by-laws of a proposed society shall contain By-laws. provision in respect of the following matters-

(a) the name of the society;

(b) the registered address of the society;

(c) the objects for which the society was established; (d) the purposes to which the funds may be applied;

207

Page 20Page 21

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