Regulation 6
In these Regulations—
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“committee” has the meaning assigned to it by section 74 of the Industrial and Provident Societies Act 1965;
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“society” means a society registered or deemed to be registered under the said Act of 1965;
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“subsidiaries” means companies or societies which are subsidiaries within the meaning of section 15 of the Friendly and Industrial and Provident Societies Act 1968;
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“income and expenditure” includes, in relation to a subsidiary which is a company, profit and loss.