I wish to inform the Deputy that my Department is not engaged in any investigation involving the share allocation and share certification relating to the amalgamation of the named companies and is not aware of any issues relating to this amalgamation.
Questions relating to such matters may be more appropriate for the Registrar of Friendly Societies and, following enquiries, I have been informed by that Office that the named companies amalgamated in late 2000, and the amalgamated entity was registered on 1 November 2000. The Registrar goes on to inform me that Section 52 of the Industrial and Provident Societies Act 1893 provides that “Any two or more registered societies may, by special resolution of both or all such societies, become amalgamated together as one society…” and that the terms of amalgamation are purely a matter for the amalgamating societies, in which the Registrar has no role, other than to register the special resolutions approved by the amalgamating bodies, and register the newly established society.
