Bare ActsThe Nagaland Co-operative Societies Act, 2017

Section 79

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

Audit Report: The Audit Officer shall within a fortnight from the date of completion of Audit, submit to the registered society and to the Registrar together with the Statement of Accounts Audited, Audit report including a statement of- a) Every transaction, which appears to him/her to be contrary to Law or to the Rules or Bye-Laws; 608 b) Every sum which ought to have been brought but has not been brought into account; c) Amount of deficiency or loss which appears to have resulted from any negligence or misconduct that requires further investigation; d) Any money or property belonging to the society which appears to have been misappropriatedor fraudulently retained by any person; e) Any of the assets which appears to him/her to be a bad or doubtful; f) Any irregularity in maintaining the account; and g) Any other relevant matter under section 78.

Section 79 – The Nagaland Co-operative Societies Act, 2017 | DailyLaw.ai