Bare ActsThe KARNATAKA SOUHARDA SAHAKARI ACT, 1997

Section 63

Accounts

Amendment status not verified — confirm the current text below against the official source.

Accounts.- The Federal Co-operative shall maintain the following records and books of accounts, namely:- (a) the minutes book; (b) registration certificate and a copy of the registered bye-laws and of the amendments registered from time to time; (c) bye-laws of the Federal Co-operative and of each of its member Co-operatives with upto date amendments; (d) accounts of all sums of money received and expended by the Federal Co-operative and the respective purposes; (e) accounts of all purchases and sales of goods by the Federal Co-operative; (f) accounts of the assets and liabilities of the member Co-operatives and the Federal Co-operative; (g) a register showing total membership and the memberwise use of various services; (h) a list of members with voting rights for the current year updated within thirty days of 1 [closure of the cooperative year] 1 1.Substituted by Act 4 of 2013 w.e.f. 11.02.2013. (i) up-to-date copies of the Board resolutions; and (j) annual report and audit report. 1 [63A. Furnishing information to the members.- The Federal cooperative shall provide access to every member to peruse the books, information and accounts kept in regular transaction of its business with such member and to obtain the related information and accounts.] 1

Section 63 – The KARNATAKA SOUHARDA SAHAKARI ACT, 1997 | DailyLaw.ai