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Tuesday, December 7, 2010

Order of Bombay High Court relating to Appointment of Auditor of non-aided Societies.

DEAR MEMBER,

An important decision of Bombay High Court


The order dt.06-10-2010 passed in W.P.No.1206 of 1997 filed by MAHARASHTRA CERTIFIED AUDITOR’S ASSOCIATION; the Hon'ble Bombay High Court has held that impugned Govt. Circular dt.11-11-1996 ( which gave powers to the Registrar to appoint statutory auditors for  urban credit/employees co.op. credit societies)  is not applicable  to the non-aided co.operative societies of any category. As a result of this Judgment, henceforth the non-aided employees staff credit/ urban credit societies can appoint auditors of their choice in their AGM/SGM etc.
I've believe that, this decision has both positive and negative aspects considering the existing system of allotment of audit by registrar of Co-op. Societies.

Regards,
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CA.C.V.PAWAR
0253-2319641. M-9423961209

Consolidation for Acceleration

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