# Friendly Societies Act 1992, Paragraph 3

Extent: E+W+S+N.I.

(1) If at any annual general meeting of a friendly society or registered branch no auditor is appointed or re-appointed, the appropriate authority may appoint a person to fill the vacancy; and the society or branch shall, within one week of the power of the appropriate authority becoming exercisable, give it notice of that fact.
(2) If a society or branch fails to give the notice required by sub-paragraph (1) above, the society or branch shall be guilty of an offence and liable on summary conviction—
(a) to a fine not exceeding level 3 on the standard scale; and
(b) in the case of a continuing offence to an additional fine not exceeding one-tenth of that level for every day during which the offence continues.

---
Source: https://www.legislation.gov.uk/ukpga/1992/40/schedule/14/paragraph/3 (the official version)
Page: https://openlegislation.uk/friendly-societies-act-1992/schedule-14/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.