Vidhi Codex

section 93

Audit of Co-operative Banks

Meghalaya Co-operative Societies Act, 2015
Corporate2015128 sections
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Statutory text
  1. (1) Every Co-operative Bank shall have its Account audited by a qualified Chartered Accountant in each financial year, subject to such directions as the Reserve Bank may issue from time to time.
  2. (2) The Accounts of the State Co-operative Bank shall be audited and certified by Chartered Accountant appointed from a panel approved by Government or an authority authorized by the State Government in this behalf.
  3. (3) The Registrar shall conduct Special Audit of the State Co-operative Bank on its own volition or if requested by the Reserve Bank and furnish a copy of the report to the Reserve Bank and the National Bank within the time stipulated by the Reserve Bank.

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