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Revised Laws of Saint Lucia (2021)

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27. Audit

(1) Every society and branch shall, once at least in every year, submit its accounts for audit to the auditor or auditors appointed under this Act at the prescribed time and shall pay the prescribed fees to such auditor or auditors.

(2) The auditors shall have access to all the books and accounts of the society or branch, and shall examine the annual return mentioned in this Act and shall verify the annual return with the accounts, register of members, record of benefits paid to members, and vouchers relating thereto, and fully, truly and correctly answer the questionnaire relating to the audit of the books and accounts of the society or branch addressed to them by the Registrar, and shall either sign the annual return as found by them to be correct, duly vouched, and in accordance with law, or specially report to the society or branch and to the Registrar in what respects they find it incorrect, unvouched, or not in accordance with law.

(3) An auditor may by writing under his or her hand require the production before him or her at such time and place as may be fixed by the Registrar of all books, deeds, contracts, contribution cards or books, register of members, record of benefits paid to members, accounts, vouchers, receipts and other documents which he or she may consider necessary for the purpose of the audit, and may require any officer or other person holding or accountable for any such book or document to appear before him or her at the audit or any adjournment thereof, and to make and sign a declaration as to the correctness of such book or document.

(4) If any officer or other person neglects or refuses to comply with any such requirement he or she commits an offence under this Act, and if any officer or other person knowingly and wilfully makes or signs any such declaration which is untrue in any material particular he or she commits perjury under the Criminal Code.

(5) A person shall not conduct the compulsory audit of the accounts of a society or branch of which he or she is an officer or member.

2. Interpretation

3. The Registrar

4. Annual report of the Registrar

5. Societies to which this Act applies

6. Societies to be registered

7. Prohibition of registration of banking Societies

8. Conditions of registration

9. Name of society

10. Acknowledgment or registration

11. Appeal from refusal to register

12. Registration of amendments of rules

13. Registration of dividing societies

14. Registration of insurance societies and of societies assuring annuities

15. Registration of societies with branches

16. Establishment of new branches

17. Application of previous provisions to branches

18. Requisites for registration of branches as societies

19. Name of seceding or expelled branch

20. Contributions from one society to another

21. Incorporation of society

22. Operation of rules

23. Registered office

24. Appointment of trustees

25. Change in list of officers of society

26. Manner of keeping accounts

28. Annual and other returns

29. Quinquennial valuation

30. Copy of last balance sheet

31. Exemption from stamp and other duties

32. Priority on death, bankruptcy of officer

33. Membership of minors

34. Subscriptions to Government, hospitals and towards education, science and art

35. Right to supply copies of the rules

36. Rights to supply copies of annual return

37. Inspection of books by members

38. Limitation of benefits

39. Accumulation of surplus of contributions

40. Service in Armed Forces

41. General provisions as to property and funds of registered societies

42. Loans to assured members

43. Loans out of separate loan fund

44. Making of contracts on behalf of registered society

45. Security by officers

46. Accounts of officers

47. Member may dispose of sums payable on his or her death by nomination

48. Proceedings on death of a nominator

49. Payment of funeral expenses and balance of money due to deceased member in absence of valid nomination

50. Validity of payments

53. Person to whom payment may be made

54. Particulars of certificate

55. Cases in which certificates may be given

56. Inquiries by societies

57. Saving as to insurable interest, etc

58. Decision of disputes

59. Legal proceedings by and against society

60. Power to change name

61. Amalgamation and transfer of engagements

62. Conversion of society into company

63. Saving for right of creditors

64. Conversion of society into branch

65. Meaning of special resolution

66. Registration of special resolutions

67. Inspectors and special meetings

68. Inspection of books

69. Powers of inspector

70. Cancelling registration

72. Instrument of dissolution

73. Dissolution by award

74. Dissolution of societies having branches

75. Notice of proceedings or order to set aside dissolution

76. Penalty on officer of registered society using improper seal

78. Illicit payments

79. Bankrupt not to be officer of a society

80. Limitation of office holders

81. Offences by societies to be also offences by officers

82. Continuing offences

83. Punishment of fraud, false declarations, and misappropriations

84. Penalties for falsification

85. Mutilation, of books, cards

86. Offences in connection with elections

87. Penalty for ordinary offences

88. Special offences in the case of friendly societies

89. Recovery of penalties

91. Register of members

92. Fees payable to Registrar of Births and Deaths

93. Evidence of documents

95. Use of forms

96. Application to existing societies

97. Disposal of Fees

98. Saving of Registrar from personal liability

99. Regulations

100. Validity of forms

71. Dissolution of societies