Act Number: 39

Act Name: The Multi-State Co-operative Societies Act, 2002

Year: 2002

Enactment Date: 2002-07-03

Long Title: 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.

Ministry: Ministry of Cooperation

Department:

Section 71: Provision as to resolutions for appointing or removing auditors.
    (1) A special notice shall be required for a resolution at an annual general meeting appointing as auditor a person other than a retiring auditor, or providing expressly that a retiring auditor shall not be reappointed.
     (2) On receipt of notice of such a resolution, the multi-State co-operative society shall forthwith send a copy thereof to the retiring auditor.
     (3) Where notice is given of such a resolution and the retiring auditor makes with respect thereto representations in writing to the multistate co-operative society (not exceeding a reasonable length) and requests their notification to members of the multi-State co-operative society, the multi-State co-operative shall, unless the representations are received by it too late for it to do so,--
         (a) in any notice of the resolution given to members of the multi-State co-operative society, state the fact of the representations having been made; and
         (b) send a copy of the representation to every member of the multi-State co-operative society to whom notice of the meeting is sent, whether before or after the receipt of the representations by the multi-State co-operative society,
and if a copy of the representations is not sent as aforesaid because they were received too late or because of the multi-State co-operative societys default, the auditor may (without prejudice to his right to be heard orally) require that the representations shall be read out at the meeting.
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