Section 75 of The Multi-State Co-operative Societies Act, 2002
The auditor's report shall be read before the multi-State co-operative society in the general meeting and shall be open to inspection by any member of the multi-State co-operative society.
Summary
- The auditor's report must be read aloud to the members of the multi-State co-operative society during its general meeting.
- Every member of the multi-State co-operative society has the legal right to inspect the auditor's report.
- This provision ensures financial transparency by making sure audit findings are accessible to all members.
Practical examples
FAQ
1. Does the auditor's report have to be read aloud at the general meeting under Section 75 of the Multi-State Co-operative Societies Act, 2002?
Yes, Section 75 of the Multi-State Co-operative Societies Act, 2002 requires that the auditor's report must be read before the multi-State co-operative society in its general meeting.
2. Can any regular member of a society inspect the audit report under Section 75 of the Multi-State Co-operative Societies Act, 2002?
Yes, Section 75 of the Multi-State Co-operative Societies Act, 2002 states that the auditor's report shall be open to inspection by any member of the multi-State co-operative society.
3. Is a multi-State co-operative society allowed to restrict a member from reading the auditor's report under Section 75 of the Multi-State Co-operative Societies Act, 2002?
No, under Section 75 of the Multi-State Co-operative Societies Act, 2002, the auditor's report must be open to inspection by any member, meaning the society cannot legally deny access to any member.
Test yourself
Q1.Under Section 75 of the Multi-State Co-operative Societies Act, 2002, who has the explicit legal right to inspect the auditor's report of a multi-State co-operative society?
Q2.Where must the auditor's report be read before the society under Section 75 of the Multi-State Co-operative Societies Act, 2002?
Q3.Under Section 75 of the Multi-State Co-operative Societies Act, 2002, which document is specifically mandated to be read before the general meeting and made open to inspection by any member?
Q4.If a multi-State co-operative society claims that only the board of directors can see the auditor's report, which provision of the Multi-State Co-operative Societies Act, 2002 can a regular member use to dispute this claim?