Audit –(1) A Co-operative Society may get it accounts audited by a

Chartered Accountan within the meaning of the Charted AccountantsAct, 1949, or by any other Auditor from the office of the Registrar.

1. (2) The general body of a Co-operative Society shall appoint an auditor by a resolution which will be valid only until the close of the next succeeding annual general body meeting.
2. (3) The remuneration of the auditor shall be fixed with the approval of the general body.