Amendment status not verified — confirm the current text below against the official source.
(1) Every co-operative society shall be liable at any time to Inspection by egistr or ar inspection— financing (a) by the Registrar or any person authorised by the State bank. Government or by the Registrar in this behalf by general or special order; (b) by the financing bank, if any, of which it is a member and a debtor; and (c) by the apex or central society, if any, of which it is a member. (2) An inspection under sub-section (1) by a financing bank, or an apex or a central society shall be made by an officer of the bank or society, certified by the Registrar in accordance with the rules as competent to conduct such an inspection. (3) The report of an inspection under sub-section (1) or a summary thereof shall be communicated within one month from the date of inspection to the society and to the financing bank, and to the apex or the central society, if any, of which it is a member and when the inspection is made by a financing bank, to the Registrar, if so required by him.