Power to make rules, etc

(1) Persons intending to establish or enrol a friendly society under this Act may, (a) make or adopt rules for the government and guidance of it; (b) make such provisions in the rules as they think fit for annulling, altering or amending the rules; 7 (c) impose reasonable fines and forfeitures on any member offending against the rules; and (d) form a general committee or board of management, and delegate to it all or any of the powers given by this Act, to be executed with respect to the management of the friendly society or the making, amendment, annulment or alteration of the rules thereof. (2) There shall be set forth in such rules, (a) the name and designation of the friendly society, and the place where the business thereof is carried on; (b) the objects and intentions for which it is founded; (c) the purposes to which the funds thereof are applicable; (d) the conditions under which any member or party claiming under or by a member may become entitled to any benefit assured thereby; (e) the manner of making, annulling or altering rules, of appointing trustees, a treasurer and an officer who shall keep the books and accounts and prepare the returns required by this Act, a general board or committee of management, and the duties and powers of each; (f) the mode in which the funds shall be invested; and 8 (g) the manner in which disputes between the society and any member thereof; or persons claiming on account of or through any member, shall be settled.