a) Every Society shall appoint auditor from panel Approved by State Govt.
b) Auditor must be appointed in AGM r SGM and not in managing committee.
c) Appointment of Auditor and his consent letter is to be submitted DRCS with in 30 Days.
d) If the AGM is not conducted within stipulated time, ruling committee deemed to be vacated for further five years and fine shall be up to Rs. 5,000/-
e) If officer concern failed to call such SGM U/s 76 the DRCS may declare such officer or Member disqualified for not exceeding five years. Further the DRCS may impose fine not exceeding Rs. 5,000/-
f) If Accounts are not audited and not placed before AGM then the Register can get it audited and not placed before AGM then the Registrar can get it audited from Govt. panel Auditor List maintained by Co-operative Commissioner, Pune.
g) In Audit report if any person/committee member is guilty of any offence, he shall file report to Registrar within 15 days.