Section 45Part 6 — Audit, Inspection and Inquiry in respect of Cooperative Societies other than Credit Unions
Audit
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The Registrar shall audit or cause to be audited by some person authorised by the Registrar by general or special order in writing the accounts of every registered society other than a credit union once at least in every year.
The audit under subsection (1) shall include an examination of overdue debts, if any, and an evaluation of the assets and liabilities of the registered society.
The Registrar and every other person appointed to audit the accounts of a society other than a credit union shall have power when necessary —
to summon at the time of that person’s audit any officer, agent, servant or member of the society who the Registrar has reason to believe can give material information in regard to any transactions of the society or the management of its affairs; or
to require the production of any book or document relating to the affairs of, or any cash or securities belonging to, the society by the officer, agent, servant or member in possession of such book, document, cash or securities.