Friendly society
A mutual-benefit society that relieves its members in sickness, old age and similar hardship. The Registrar certifies and registers its rules under the Friendly Societies Act.
- Entiva fee to form
- $1,209
- Government fees to form
- CI$3.20
- Run plan
- $219 a month
- Steps to form
- 1
- Ongoing filings
- 2
- Ways to close
- 1
Who it suits, and what defines it.
Governed by the Friendly Societies Act (1998 Revision).
Who it suits
- Groups of members who want to support each other in sickness, old age and similar hardship.
Key facts
- Purpose
- Relief in sickness, old age and hardship
- Rules
- Two transcripts certified by the Registrar
- Rule changes
- Only at a general meeting, then registered
- Audit
- Annual audit and statement of accounts
- Mortality return
- Sickness and mortality rates every five years
- Dissolution
- Five-sixths of members by value, and all receiving relief
- Registration fee
- CI$3.20
- Statute
- Friendly Societies Act (1998 Revision)
What the law requires.
5 rules, each in plain words.
Two transcripts of the rules for certification
They are submitted to the Registrar.
Certified rules before the society has any benefit under the Act
The society gets no benefit from the Act until the Registrar has certified and registered its rules (s.12).
Rule changes only at a general meeting
The alteration must then be registered.
An annual audit and statement of accounts
A five-yearly return of sickness and mortality rates is also filed.
Wide consent before the society is dissolved
It needs the consent of five-sixths of members by value and of everyone receiving relief.
How Entiva forms it.
1 step. Entiva prepares and files each one, and collects every signature the law needs.
The steps
1 step- 1Register the friendly society
Two transcripts of the rules go to the Registrar for certification and entry on the register, and the fee is CI$3.20.
Documents
5- Proposed rules of the society
- Two transcripts of the rules, signed by three members and the clerk or secretary
- Society rules book, kept by an officer
- Transcript certified by the Registrar
- Registrar's certificate of registration
Who takes part
5- Each member who signs the rules transcripts is verified
- The clerk or secretary is verified
- The treasurer, trustees and other officers are verified
- Anyone holding 10% or more of the fund is verified
- The person who applies on behalf of the society is verified
What has to be filed, and when.
Entiva tracks every deadline from the day it is formed, and files before each one.
Every year, and as things happen
2 filings- File the yearly statement of funds and effects
Every year, with the annual audit and statement of accounts
- File the five-yearly sickness and mortality return
Within three months after the end of the June following each five-year period
The changes Entiva handles.
Each change is prepared, approved, signed and filed.
The most common changes
1 change- Register an amendment to the society's rules
How it closes.
One route, filed step by step.
Dissolution by consent
Five-sixths of members by value and everyone receiving relief consent (s.30).
- 1
Record the members' consent
- 2
Give notice of the dissolution and register it
What Entiva does for you.
From the first filing to the last.
Friendly society
- Drafts the rules, prepares two transcripts for signature and lodges them with the Registrar.Formation
- Prepares the yearly statement of funds and effects and sends it to the Registrar within 14 days.Ongoing
- Prepares and files the five-yearly sickness and mortality return.Ongoing
- Registers amendments to the society's rules.Changes
Build it with the API.
Every step on this page is an action in the Entiva API, with its documents, signatures and filing.
What it costs, item by item.
Every Entiva fee and every government fee, from forming it to closing it.
Forming it
$1,209one-off
- Government fees
- CI$3.20
Closing it
Quoted before it starts
- Entiva fee
- Fixed, quoted first
- Government fees
- At cost
Included in the Run plan
- File the yearly statement of funds and effects
- File the five-yearly sickness and mortality return
- Routine changes
- Every deadline tracked
Forming it
Entiva's formation fee is $1,209, one-off. Government fees are passed through at cost.
Excludes steps marked only if needed.
Every year
The Run plan costs $219 a month ($2,628 a year).
Changes
Routine changes are included in the Run plan.
Entiva fees are in US dollars. Government fees are in the currency each authority charges, passed through at cost when the filing is made. Taxes are separate.
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