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. |
|
-- |
