ସମବାୟ ସମୀକ୍ଷା ନିର୍ଦେଶାଳୟ, ଓଡିଶା DIRECTORTE OF COOPERATIVE AUDIT, Odisha

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CODAL PROVISIONS UNDER OCS ACT, 1962 ON AUDIT 

 

Section

Rule

Subject

2 (a-1)

--

Definition of AGCS(Orissa)

2 (d-1)

--

Definition of Cooperative Year.

2 (g)

--

Definition of officers of a Society.

2 (g-1)

--

Definition of office bearers of Society.

2 (k)

--

Definition of Cooperative Society.

--

2(c)

Definition of Auditor.

3 A

--

Appointment of AGCS and persons to assist him.

--

5 A

Designation of persons to assist AGCS.

7

9

Registration of a Society.

15

15 A(2)

Promotion of a subsidiary organization of a society and its audit.

16

16

Admission of members and who can become member.

16 A

--

Continuation of membership.

--

22 A

Manner of expulsion of membership.

22

22 B

Restriction on holding share.

23

23

Restriction on transfer of share & interest and disposal of share and interest.

27

--

General Body supreme authority.

28

--

Powers and duties of Committee of Management.

28 (3)

--

Disqualification of members of Committee of Management.

28 (3-aa)

--

Removal of disqualified members from Committee.

--

2 (A)

Definition of Chief Executive.

28 (3-b)(i)

--

Appointment of Chief Executive.

28 (3-b)(2)

29 B, 31, 37

Duties and responsibilities of Chief Executive.

28 A

--

Election of Committee of Management.

28 (1-aa)

--

Assumption of charges of elected Committee of Management and their term in office.

--

28

Quorum of General Body meeting.

29

--

Power of General Body.

30

29 A

Special General Body meeting.

31

36(5)

Nominee of Government in Committee of Management and their duties and responsibilities.

33

--

Securing possession of records.

--

39

Maintenance and preservation of books & accounts and submission & publication of statements, returns by society.

33

37 & 38

Powers to appoint and determine conditions of service of employees

35

--

Deduction of dues of societies from salaries of members.

55

--

Funds not to be divided.

56

4 A

Disposal of net profit and definition of net profit.

56 A

45

Cooperative Education Fund and its utilization.

57

48

Investment of funds.

58

49

Restriction on borrowings and maximum borrowing power.

59

53

Restriction on loan and advances.

60

55

Restriction on transaction with non-members.

62 (1)(i)

57

Audit of Cooperative once in every year.

62 (1)(ii)

--

Special Audit, Re-audit, Concurrent Audit.

62 (1)(iii)

--

Same auditor should not conduct audit of a society for consecutive two year (except primary society having arrear audit for more than 5years).

62 (1)(iv)

--

Internal audit of cooperative having annual business turnover more than Rs.25lakhs.

62 (2)

61

What are to be examined by audit.

--

59

What are to be included in the audit report.

--

62

Form of Audit Statements.

--

60

Cost of Audit.

62 (3)

--

Certification of statement of accounts.

62 (4 & 5)

--

Power of auditor to enforce attendance and furnish information and documents.

62 (6)

--

Suspension of officer or office bearer for non-cooperation to audit.

62 (7)

--

Action to be taken by auditor for seizure and taking possession of records, funds and properties of society.

63

58 A

Communication, consideration of audit report and audit compliance.

63 A

--

Annual report of AGCS to be laid before OLA.

64(2)(ii)b

--

RCS to submit copies of inspection report to AGCS.

64 (3)(b)

--

Other inspecting authorities to submit copies of inspection report to AGCS.

65 (4) (b)

--

Communication of enquiry report to AGCS & further action thereof.

67

70

Surcharge proceedings and procedure for initiation and disposal of surcharge proceedings.

--

150 (3)

Manner of serving notice.

76

--

Disposal of surplus assets of liquidated society.

108

--

Audit Fee due from a society to the Govt. may on an order issued by the Auditor General be recovered.

115

--

Offences.

116

--

Cognizance of offence.

120

--

Power of civil court.

130

--

AGCS is a public servant.

--

40

Custody of accounts, books and records.

--

41

Officer who will maintain accounts.

--