Draft — not yet finally notified. Once officially notified, your society must formally adopt these bye-laws via a resolution passed in its General Body Meeting (GBM) before they replace your existing 2014 bye-laws. This draft has been shared by the Co-operative Department for public consultation — you can submit suggestions via email at coophsgmodelbyelaws@gmail.com before the deadline of 27th August 2026.
Audit Compliance and Rectification
(a) The Committee shall provide the Auditor with unrestricted access to all books of accounts, registers, documents, vouchers, agreements, electronic records and information required for conducting the audit.
(b) On receipt of the Audit Report, the Committee shall place the Audit Report before the next General Body Meeting.
(c) The Society shall rectify the defects and irregularities pointed out in the Audit Report and submit the Audit Rectification Report to the Registrar within three months from the date of the Audit Report, in accordance with Section 82 of the Act and Rule 73 of the Rules.
(d) The Committee shall continue to submit further Audit Rectification Reports whenever required until all audit objections are fully complied with to the satisfaction of the Registrar.
(e) Every Member of the Committee and every Officer responsible for maintaining the accounts shall be jointly and severally responsible for compliance with the provisions relating to accounts, audit, audit rectification and statutory filings under the Act, the Rules and these Bye-laws.
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