2013 (7) TMI 88

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ng brief of Mr. Gopal Narain, Adv JUDGEMENT:- Per : Barin Ghosh, CJ : Respondent is a co-operative society registered under the U.P. Cooperative Societies Act, 1965. Sub-section (1) of Section 64 of the said Act directs the Registrar, or any other person appointed by the State Government, to audit or cause to be audited by a person authorized by him by general or special order in writing and po....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... if his total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds one crore rupees in any previous year get his accounts of such previous year audited by an accountant before the specified date and furnish by that date the report of such audit in the prescribed form duly signed and verified by such accountant and setting forth such particulars as may be prescribed:....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....turnover of the respondent exceeded Rs. 1 crore for the relevant previous years. By virtue of the proviso as above, respondent was not required to have one more audit to be conducted in addition to the audit to be conducted by the Registrar in terms of the U.P. Co-operative Societies Act. However, by reason of the mandate contained in Section 44AB, such auditing was required to be conducted before....