Chapter VIII — AUDIT, INQUIRY, INSPECTION AND SURCHARGE

Section 70AConcurrent Audit

Section 70A: Concurrent Audit

70A. Concurrent Audit

70A. Concurrent Audit.— In case of multi-State co-operative societies,–-

(i)

having an annual turnover more than the amount as determined by the Central Government; or

(ii)

having deposit of more than the amount as determined by the Central Government, the concurrent audit shall be carried out by an auditor appointed from a panel of auditors approved by the Central Registrar.

Amendment notes (1)
  1. Ins w.e.f. 3-8-2023 . Ins. by s. 28, ibid. (w.e.f. 3-8-2023).