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of <h1>New Section 70A Requires Concurrent Audits for Large Multi-State Co-operatives Under Co-operative Societies Act, 2023</h1> Section 70A has been added to the Multi-State Co-operative Societies Act, 2023. This new section mandates that multi-State co-operative societies with an annual turnover or deposits exceeding a threshold set by the Central Government must undergo a concurrent audit. The audit must be conducted by an auditor selected from a panel approved by the Central Registrar.
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