Amendment status not verified — confirm the current text below against the official source.
(1) After completion of audit of the accounts of any co-operative society the audit officer shall submit his report to the Registrar and to the co-operative society together with the statement of accounts within the period specified in sub-section (2) of section 90. The audit report shall include such information as may be prescribed. (2) A co-operative society shall rectify the defects pointed out in the audit report and submit to the Registrar a report of compliance within forty-five days from the date of receipt of the audit report. (3) Where the Registrar is of opinion that the defects pointed out in the audit report have not been fully rectified by the co-operative society, he may direct the co-operative society to rectify the defects still persisting in the accounts and to submit a further report of compliance with explanations within forty-five days from the date of receipt of such direction, and the co-operative society shall rectify such defects and submit a further report of compliance accordingly.