(a) | carry on the business of a friendly society which is in existence at the commencement of this Act, for a period of more than six months after such commencement unless application has been duly made under section five for the registration of that society; or |
(b) | carry on the business of a friendly society established after such commencement, unless that society has been duly registered under section five; or |
(c) | carry on the business of a friendly society for a period of more than twelve months after the date on which the person who applied for registration of the society is advised by the Authority that the application for registration has been refused; or |
(d) | after the expiration of a period of twelve months from the commencement of this Act, apply to his business a name which includes the words “friendly society” or any other name which is calculated to indicate that he carries on the business of a friendly society, unless such business is registered as a friendly society under this Act, except with the consent of the Authority. |
(2) | If at the commencement of this Act any person applies to his business any such name as is referred to in paragraph (d) of subsection (1), and he changes such name and produces any deed or document bearing such name and registered in any deeds registry, to the officer in charge of that registry, and satisfies the said officer that such name was changed by virtue of the provisions of the said paragraph (d), the said officer shall, without any charge, substitute the new name for the previous name on such deed or document and in all the relevant registers in the said registry. |
[Section 42(2) inserted by section 16 of Act No. 80 of 1959]