CTM40570 | Particular bodies: registered societies: carrying on trade - fines and fees received

Where a registered society has trading income, fines and fees received by the society should normally be included. The following are the principal classes of fines, fees and so forth referred to

• entrance fees (where not credited to the member as a payment of share capital),

• nomination fees,

• transfer fees,

• fines for failure to notify change of address, to produce share books and similar,

• forfeits on withdrawal from the society, or

• fines or forfeiture of share capital for failure to complete payment for the minimum share or shares required to be held.