CO-OPERATIVE HOUSING SOCIETIES ACT 1958 - SECT 47 Alteration of rules
CO-OPERATIVE HOUSING SOCIETIES ACT 1958 - SECT 47
Alteration of rulesS. 47(1) amended by No. 37/1999 s. 58(Sch. 2 Pt 2 item 4).
(1) The rules of a society shall not be altered unless the alteration has been approved by a special resolution or by the registrar.
S. 47(2) amended by Nos 7097 s. 6(a), 37/1999 s. 58(Sch. 2 Pt 2 item 5).
(2) The society shall within one month after approval by special resolution or within such further time as the registrar in any particular case allows apply to the registrar to have the alteration registered and the application shall be made as prescribed.
S. 47(2) Proviso repealed by No. 7097 s. 6(b).
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(3) If the registrar is satisfied that the alteration is not contrary to this Act or the regulations and that the rules as altered are suitable and sufficient for the purposes of the society, the registrar shall register and certify the alteration as prescribed, and until the alteration is so registered and certified the alteration shall not take effect.
S. 47(3A) inserted by No. 37/1999 s. 58(Sch. 2 Pt 2 item 6).
(3A) The registrar may alter the rules of a society and must register and certify the alteration.
(4) The rules of the society shall be read subject to any alteration so registered and certified.
(5) In this Act, alteration of a rule includes addition to a rule and rescission of a rule.
Division 2—Management
No. 6138 s. 48.