(1) Save as provided in sub-regulations (2), (3), (4) and (5) of this regulation the annual audit of the accounts of any registered Trade Union shall be conducted by an auditor authorized to audit the accounts of companies under sub-section (1) of section 144 of the Indian Companies Act, 1913.
(2) Where the membership of a registered Trade Union did not at any time during the year ending on the 31st December exceed 2,000, the annual audit of the accounts may be conducted- .
(a) by an examiner of local fund accounts, or
(b) by any local fund auditor appointed by the Central Government, or
(c) by any person who, having held an appointment under the Central Government in any audit or accounts department, is in receipt of a pension of not less than Rs. 200 per mensem.
(3) Where the membership of a registered Trade Union did not at any time during the year ending on the 31st day of December exceed 1,000 the annual audit of the Accounts may be conducted-
(a) by any two persons holding office as a magistrate or a judge or as a councillor of any municipality or member of a district local board or of either Chamber of the Provincial or Central Legislature;
(b) by any person who, having held an appointment under the Central Government in any audit or accounts department, is in receipt of pension from the Central Government of not less than Rs.75 a month; or
(c) by any auditor appointed to conduct the audit of co-operative societies by the Provincial Government or by the Registrar of Co-operative Societies or by any Provincial co-operative organisation recognised by the Provincial Government for this purpose.
(4) Where the membership of registered Trade Union did not at any time during the year ending on the 31st December exceed 500, the annual audit of the accounts may be conducted, by any two members of such registered Trade Union ~(1) The general statement to be furnished under section d to the Registrar by the 30th day of April in each year and
(5) Where the registered Trade Union is a federation of Trade Unions, and the number of such unions affiliated to it at any time during the year ending on the 31st December did not exceed 50, 15 or 5 respectively, the audit of thé accounts of the federation may be conducted as if it had not at any time during the year had membership of more than 2,000, 1.000 or 500 respectively.
148-A. Papers, books and registers to be maintained.-Every registered Trade Union skall maintain the following books and registers to facilitate the audit of its accounts:-
(i) register of membership and subscription in Form "J",
(ii) register of receipts and disbursements for the general fund account, (iiiy minutes book to record the proceedings of all meetings,
(iv) register of stock, tools and plant to show the furniture, fittings and valuable documents relating to the immovable property of the Union,
(v) machine numbered subscription receipt book,
(vi) register of receipts and disbursements for the political fund (if there is political fund), and
(vii) a file of vouchers