Section 241

(a) Within 60 days of the receipt of the note of the assessment, a co-operative society shall, without prejudice to the provisions of Rule 240, remit to the local treasury or to the Central Co-operative Bank of the district, as the Registrar may direct, the audit fee due from the society. (b) Where th audit fee is remitted to the Central Co-operative Bank or is paid by the Central Co-operative Bank on behalf of affiliated Co-operative Credit Societies under Rule 240, the amount of audit fee shall be credited to a separate account in the Central Bank named as "Co-operative societies, audit fee accounts", and the