Amendment status not verified — confirm the current text below against the official source.
Restrictions on other transactions with non-members.- Save as is provided in sections 58 and 59, the transactions of a society with person other than a member shall be subject to such prohibitions and restrictions, if any, as may be prescribed. CHAPTER VIII AUDIT, INQUIRY, INSPECTION AND SURCHARGE 2[61. Audit.- (1) Every co-operative society shall cause to be audited its accounts by an auditor, within six months from the close of a co-operative year to which the accounts relate. (2) The accounts of a co-operative society shall be audited by an auditor approved in the general meeting of the society from the panel of auditors notified by the Government in this behalf. The qualifications, experience, manner of preparation of the panel of auditors and authorization thereof; and audit fee or remuneration to be paid by the society alongwith the manner of making payment shall be such, as may be prescribed. (3) If at the time of audit, the accounts of a society are not complete, the auditor authorized under sub-section (2) may cause the accounts to be written up at the expense of the society. (4) The audit fee or the remuneration, if any, due from any society or the expenses incurred in writing up the accounts of a society shall be recoverable in the manner as provided in section 90. (5) Where a co-operative society fails to get its annual accounts