---------- Forwarded message ----------
From: GIRISH KULKARNI <girishkulk@joshikulkarni.co.in>
Date: Thu, Jun 12, 2014 at 2:25 PM
From: GIRISH KULKARNI <girishkulk@joshikulkarni.co.in>
Date: Thu, Jun 12, 2014 at 2:25 PM
My person observations regarding status of co-operative empanelment in Maharashtra (As per information perceived and understood to me)
1. The panel made in March 2013 is valid. The earlier panel were cancelled at that time.
2. The Auditor who had been appointed in AGM before 30.09.2013 should carry and complete audit before 31.07.2014.
3. All societies including housing societies needs to carry audit from empanelled auditors.
4. The auditor appointment needs to be done in general meeting. If society wish to appoint auditor after 31.07.2014, the society should obtain prior permission for agenda from DDR.
5. The audit empanelment will start after issue of Maharashtra Co-operative Rules as per direction of Mumbai Court Decision.
The empanelment will be for
a) Proprietory Firm/Individual with 1 year experience.
b) All partnership Firm are also eligible.
c) Existing auditor will only update the profile.
6. The CAs can use the Audit Report format as per SA 700. You may use the format given in Draft Rule available on WIRC website in co-operative section 2014-15.
7. The auditor who are not on panel at present may not able to carry audit for 2013-14 due to present empanelment status.
Please refer original Maharashtra Co-operative Act and related Rules and Notifications for better understanding.
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