Regulatory Alerts2018-04-01
Circular FS 27: Approval of National Exhibition Centre under Friendly Societies Act
The Registrar of Friendly Societies issued Circular FS 27 to formally approve the National Exhibition Centre as a qualifying institution under Section 20(2)(h) of the Friendly Societies Act, 1956. Friendly societies must now classify all investments in bills, debentures, stocks, or loans issued by or extended to the Centre under item 6 of Statement D in their prescribed regulatory returns. The circular also mandates that auditors sign and return an attached acknowledgement form to the Registrar's office to confirm receipt and compliance.
Share