Section 36A Year of account (existing societies)F1
This section applies to a registered society that was registered before the day this section comes into operation.
The society's year of account begins—
in the case of its first year of account, with the date of the society's registration;
in any other case, immediately after the end of its previous year of account.
The society's year of account ends—
with the date of the last balance sheet published by the society in the relevant period, or
if no balance sheet is published in that period, with the 31 December in that period.
The “relevant period”—
begins with the 31 August following the beginning of the year of account, and
ends with the following 31 January.
The society may by notice to the registrar alter the date on which its current and subsequent years of account end to a date other than that provided for by subsection (3).
A notice under subsection (5) must state whether it extends or shortens the current year of account.
A notice extending the current year of account has no effect if—
it is given less than 5 years after the end of a year of account that was extended under this section, or
it would extend the year of account so that it would exceed 18 months.
If the society is dissolved by an instrument of dissolution under section 66A, its last year of account ends with the date of the instrument of dissolution.
Annotations
Textual amendments
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S. 36A - S. 36B inserted (23.4.2016) by Credit Unions and Co-operative and Community Benefit Societies Act (Northern Ireland) 2016 (c. 16), ss. 11, 17(1)
Notes on the whole Act
Textual amendments
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Act: "The Industrial and Provident Societies (N.I.) Act 1969 may be cited as The Co-operative and Community Benefit Societies Act (N.I.) 1969" (6.4.2018) by virtue of Credit Unions and Co-operative and Community Benefit Societies Act (NorthernIreland) 2016 (c. 16), ss. 8(2), 17(2) (with Sch. 2 paras. 2, 3); S.R. 2017/217, art. 2(b)
- F2