A revenue account of a registered society must give a true and fair view of—
for the period to which the account relates.
Where two or more revenue accounts are prepared in respect of a registered society for a year of account (see section 79(b)), the accounts when considered together must give a true and fair view of the income and expenditure of the society as a whole for that year.
A balance sheet of a registered society must give a true and fair view of the state of the society's affairs as at the date of the balance sheet.
A member of a registered society's committee commits an offence if the member fails to take all reasonable steps to secure that—
No offence is committed if the person had reasonable grounds to believe, and did believe, that a competent and reliable person was charged with the duty of securing that the relevant subsection was complied with and was in a position to discharge that duty.
In proceedings for an offence under this section it is for the defendant (in Scotland, the accused) to prove the matters mentioned in subsection (5).
A person guilty of an offence under this section is liable on summary conviction—