A co-operative society or a class of co-operative societies shall maintain the accounts books and other record in such form and manner as may be directed by the Registrar by a general or special order, from time to time.
* Section 45 – In sub section (2) words ‗within —— deduction‖ substituted by Act No. 19 of 2006.
* In sub section (3) words ―as per … this act‖ substituted for words ―as arrears of land revenue‘ by Act No. 19 of 2006.
* Explanation added by Act No. 19 of 2006.
24 *48. Balance sheet and other periodical statements.-(1) Every co-operative society shall file prescribed returns within a period of six months of the close of every financial year with the Registrar, including returns on the following matters, namely:-
(a) annual report of its activities;
(b) audited statement of accounts;
(c) plan for surplus disposal as approved by the general body of the society;
(d) list of amendments to the bye-laws of the co-operative society, if any;
(e) declaration regarding date of holding of its general body meeting and conduct of elections, when due; and
(f) any other information required by the Registrar in pursuance of any of the provisions of this Act.
(2) Co-operative Credit Structure other than co-operative bank shall abide by all such directions regarding financial norms, as may be specified by the Registrar in consultation with the National Bank.‖.