Auditor appointment rules now require Central Registrar panel approval, six month audit reports and parliamentary laying for national societies. Amendments require auditor appointments to be made from a panel approved by the Central Registrar, with a specialised panel for large multi State co operative banks and societies; auditors must submit audit reports within six months of the financial year end; board vacancies caused by resignation or death must be filled from the same panel; and audit reports of national co operative societies must be laid before each House of Parliament.
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Provisions expressly mentioned in the judgment/order text.
Auditor appointment rules now require Central Registrar panel approval, six month audit reports and parliamentary laying for national societies.
Amendments require auditor appointments to be made from a panel approved by the Central Registrar, with a specialised panel for large multi State co operative banks and societies; auditors must submit audit reports within six months of the financial year end; board vacancies caused by resignation or death must be filled from the same panel; and audit reports of national co operative societies must be laid before each House of Parliament.
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