Offences

(1) If any society, or any body of persons representing themselves to be a society, (a) commences business without first obtaining a certificate of incorporation under this Act; (b) uses any name or title other than its registered name; (c) accepts deposits other than in accordance with section 25 of this Act; (d) makes default in inserting in any deposit book or acknowledgement or security for loan the matters required by section 22 of this Act to be inserted therein; or (e) neglects or refuses to give any notice, send any return or document or do or allow to be done anything which the society is by this Act to give, send, do or allow to be done, or to do any act or furnish any information required for the purposes of this Act by the Registrar General or by an inspector, such society or body of persons shall on summary conviction be liable to a fine not exceeding five hundred dollars, and in the case of a continuing offence, to an additional fine not exceeding one hundred dollars for every week during which the offence continues. (2) Every officer of a society, or of such body of persons, bound by the rules thereof to perform the duty, the breach of which has been committed under subsection (1) of this section, shall, unless he satisfies the court that he was ignorant of or attempted to prevent the breach of that duty, be liable to the like penalty for each offence. (3) If there are no officers of such society, or body of persons, then every member of the committee of management or board of directors of such society or body of persons shall, unless he satisfies the court that he was ignorant of or attempted to prevent the breach of that duty, be liable to the like penalty for each offence. 34 SCHEDULE 1 BUILDING SOCIETIES ACT Guidance for Building Societies Rules (Sections 4 (2) and 13) 1. The name of the society and chief office or place of meeting for the business of the society. 2. The manner in which the stock or funds of the society is or are to be paid. 3. The terms upon which un-advanced subscription shares are to be issued, the manner in which the contributions are to be paid to the society and withdrawn by the members, with tables where applicable in the opinion of the Attorney General, showing the amount due by the society for principal and interest respectively. 4. The terms upon which paid-up shares, if any, are to be issued and withdrawn, with tables, where applicable in the opinion of the Attorney General, showing the amount due by the society for principal and interest respectively. 5. Whether preferential shares are to be issued, and if so, within what limits. 6. The manner in which advances are to be made and repaid, the deductions, if any, for fire or life insurance premiums, and the conditions upon which a borrower can redeem the amount due from him before the expiration of the period for which the advance was made, with tables, where applicable in the opinion of the Attorney General, showing the amount due from the borrower after each stipulated payment. Building Societies 35 7. The manner in which losses are to be ascertained and provided for. 8. The manner in which membership is to cease. 9. Whether the society intends to borrow money and, if so, within what limits, not exceeding those prescribed by this Act. 10. The purposes to which the funds of the society are to be applied and the manner in which they are to be invested. 11. The manner of altering and rescinding the rules of the society, and of making additional rules. 12. The manner of appointing, remunerating and removing the board of directors or committee of management, auditors and other officers. 13. The manner of calling general and special meetings of members. 14. Provision for an annual or more frequent audit of accounts and inspection by the auditors of the mortgages and other securities belonging to the society. 15. Whether disputes between the society and any of its members or any person claiming by or through any members or under the rules shall be settled by reference to the Supreme Court or to arbitration, or to the Registrar General. 16. Provision for the device, custody and use of the seal of the society, which shall in all cases bear the registered name thereof. 17. The powers and duties of the board of directors or committee of management and other officers. 18. The fines and forfeitures to be imposed on members of the society. 36 Building Societies 19. The manner in which the society shall be terminated or dissolved. Building Societies 37 SCHEDULE 2 BUILDING SOCIETIES ACT Building Societies Bond (Section 19) KNOW ALL MEN by these presents, that we, A. B., of one of the officers of the Building Society, established at in Belize, and C. D., of (as surety on behalf of the said A. B.), are jointly and severally held and firmly bound to the said society in the sum of to be paid to the said society, for which payment well and truly to be made we jointly and severally bind ourselves and each of us by himself our and each of our heirs, executors and administrators firmly by these presents sealed with our seals. DATED the day of in the year of Our Lord WHEREAS the above bounden A. B. hath been duly appointed to the office of of the Building Society as aforesaid, and he, together with the above bounden C. D. as his surety, have entered into the above written bond, subject to the condition hereinafter contained: NOW, THEREFORE, the condition of the above written bond is such that if the said A. B. shall and do render a just and true account of all moneys remaining in his hands, and assign and transfer or deliver all securities and effects, books, papers and property of or belonging to the said society in his hands or custody to such person or persons as the said society shall appoint according to the rules of the said society, together with the proper or legal receipts or vouchers for such 38 Building Societies payments, then the above written bonds shall be void and of no effect, otherwise shall be and remain in full force and virtue. Building Societies 39 SCHEDULE 3 BUIILDING SOCIETIES ACT Certificate of Incorporation (Section 57) The Registrar General hereby certifies that the Building Society established at in is incorporated under the Building Societies Act, Cap. 310, this day of Registrar General, Belize. N.B.-The incorporation does not imply any approval by the Registrar General of its rules or tables, or any guarantee of the management or stability of the society. 40 Building Societies BUILDING SOCIETIES ACT Certificate of Registration of Change of Name (Section 57) The Registrar General hereby certifies that the registered name of the Building Society established at is changed from the date hereof to the name following: (insert new name here) This day of 20 . Registrar General, Belize Building Societies 41 BUILDING SOCIETIES ACT Certificate of Alteration of Chief Office (Section 57) The Registrar General hereby certifies that the registered Chief Office of the Building Society established at is changed from the date hereof to the office or place following: (insert here the address of new Chief Office) This day of 20 . 42 Building Societies BUILDING SOCIETIES ACT Certificate of Registration of Alteration of Rules (Section 57) The Registrar General hereby certifies that the foregoing alteration of (or addition to) the rules of the Building Society established at is recorded under the Building Societies Act, Cap. 310, this day of 20 . Registrar General, Belize N.B.- This Certificate does not imply any approval by the Registrar General of the records of the rules or alterations, or any guarantee of the management or stability of the society. Building Societies 43 BUILDING SOCIETIES ACT Certificate of Recording of Instrument of Dissolution (Section 57) The Registrar General hereby certifies that an Instrument of Dissolution of the Building Society established at is recorded the day of 20 , under the Building Society Act, Cap 310. Dated this day of , 20 . Registrar General, Belize.