Co-Operative Societies Act · 2015 Revised Edition · Part VI · Audit, Inspection and Inquiry
34. Audit
Official textFrom Attorney General's Chambers, unchanged
The Registrar shall audit or cause to be audited by some person authorised by him by general or special order in writing the accounts of every registered society once at least in every year.
Registrar
“Registrar” means the Registrar of Co-operative Societies appointed under section 3 and includes any person when exercising such powers of the Registrar as may be conferred upon him under that section;
The audit under subsection (1) shall include an examination of overdue debts, if any, and a valuation of the assets and liabilities of the registered society.
registered society
“registered society” means a co-operative society registered under this Act;
Co-operative Societies 30
The Registrar and every other persons appointed to audit the accounts of a society shall have power when necessary —
to summon at the time of his audit any officer, agent, servant or member of the society who he has reason to believe can give material information in regard to any transactions of the society or the management of its affairs; or
to require the production of any book or document relating to the affairs of, or any cash or securities belonging to, the society by the officer, agent, servant or member in possession of such book, document, cash or securities.
Approval of auditor of registered societies. [S 61/2012]
Terms defined in s 2
member
Defined · s 2“member” includes a person or registered society joining in the application for the registration of a society, and a person or registered society admitted to membership after registration in accordance with the by-laws;
officer
Defined · s 2“officer” includes a chairman, secretary, treasurer, member, or other person empowered under the rules or by-laws to give directions in regard to the business of a registered society;
registered society
Defined · s 2“registered society” means a co-operative society registered under this Act;
Registrar
Defined · s 2“Registrar” means the Registrar of Co-operative Societies appointed under section 3 and includes any person when exercising such powers of the Registrar as may be conferred upon him under that section;
Part VII
Part VIII
Surcharge and Attachment
Part IX
Disputes
Part X
Rules
Part XI