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of <h1>Section 70A Requires Concurrent Audits for Multi-State Co-Operative Societies with High Turnover or Deposits</h1> Section 70A of the Multi-State Co-Operative Societies Act, 2002, mandates concurrent audits for multi-State co-operative societies that either have an annual turnover or deposits exceeding amounts specified by the Central Government. These audits must be conducted by auditors selected from a panel approved by the Central Registrar. This provision was introduced through an amendment in 2023.
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