Amendment status not verified — confirm the current text below against the official source.
Sub-sections (1) and (2) substituted by G.O.Ms.No.53, Agriculture and Cooperation (Coop-II) Department, dated 20.05.2016. Audit. 94 [Act No.7 of 1964] Provided that in respect of a society not in receipt of State aid as specified in section 43, the committee of such society shall cause the audit of accounts of the society, every year as per the audit manual prescribed by the Registrar, either through the Chief Auditor or a Chartered Accountant. Where such society opts to get the accounts of the society audited by the Chief Auditor, the latter shall audit or cause to be audited the accounts of such society in the manner prescribed. (2) Every person who is, or has at any time being, an officer or employee of the society and every member including a past member shall furnish such information in regard to, any transaction, working and affairs of the society as the Statutory Auditor may require.] 205[(3) The committee shall prepare and submit cause to be prepared and submitted within such period not exceeding six months as may be prescribed the different classes of societies after the end of the Co-operative year, to the Chief Auditor or the person authorised by him as the case may be, such statement and reports as may be prescribed for the purpose of the audit of accounts of the Society for the Co-operative year.] 206[(4) The minimum qualifications of the Auditor/Auditing firm entrusted with the responsibility of auditing of co-operative societies under this Act shall be- (i) An officer of the State Government serving in Co- operative department not below the rank of Junior Inspector and possessing a certificate in Audit proficiency issued by CCI/TSCU/ICM.