Regulatory Alerts2026-07-08
Added
PI-FS-01-2014 – Rule Amendments
Principal officers of all registered friendly societies must transmit copies of management committee resolutions altering, rescinding, or adopting rules to the Registrar within one month of passing, accompanied by a certificate confirming adoption according to society rules. If such changes affect the society's financial condition, officers must also submit a valuator's certificate on financial soundness or available financial information. Failure to comply with these requirements constitutes an offence under section 48 of the Friendly Societies Act, subjecting non-compliant officers to prosecution by the Office of the Prosecutor-General.
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