Section 70A
Concurrent Audit.
The Multi-State Co-operative Societies Act, 2002
About this Act
An Act to consolidate and amend the law relating to co-operative societies, with objects not confined to one State and serving the interests of members in more than one State, to facilitate the voluntary formation and democratic functioning of co-operative s as peoples institutions based on self-help and mutual aid and to enable them to promote their economic and social betterment and to provide functional autonomy and for matters connected therewith or incidental thereto.
1[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.]
(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.]
Notes
1. Ins. by s. 28, ibid. (w.e.f. 3-8-2023).