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Section 48

The Punjab Self-Supporting Co-operative Societies Act, 2006State Act of Punjab · Act 17 of 2010

(1) A self-supporting co-operative society shall appon , Yar IAL Ofhcers and employees ofa performance of the functions of the self=supporting co-operative s0Ciety selt-supportimg co operative socieh

(2) The salary and allowances and other conditions of service of, officers and employees appointed under sub-section (7), shall be such, a5 m,.

be determined by bye-laws.

CHAPTER-VII Accounts Accounts and 49. (/) Every self-supporting co-operative society, shall maintain fgcozds and keep at its office, the following accounts, records and documents.

namely :—

(a) atrue copy of registration certificate ;

(b) a copy of its registered bye-laws ;

(c) the minutes book ;

(d) accounts of all sums of money received and expended and their respective purposes ;

(e) accounts of all purchases and sales of goods ;

(f) accounts of the assets and liabilities ;

an up-to-date register of all members and a list of members (8) with voting rights ;

(h) copies of the audit reports, special audit report and mquiry report, if any, and compliance reports thereon ; and

(i) all such other accounts, records and documents, as Md be required under this Act, rules and bye-laws.

(2) The books of accounts and other records, shall remain open of perusal by any Director or office bearer or the Registrar or his nominee during business hours.

ll PUNJAB GOV'T GAZ, (EXTRA), NOV. 8. 2010 ~ (KRIK 17,1932 SAKA) — (3) Copies of the Act, bye-laws, minutes hook pertaining to the er eral ody meetings. vepouis and compliance thereon in respect of audit, A qudit. inquiry, voters list and accounts relating to a member, shall he made \ able to every member during business hours on payment of such fee a e specified by the Board. oo 107 — may b

(4) Inthe case ota self-supporting co-operative society with unlimited liability, a member may also have access to all books of accounts during business hours on payment of such fee, as may be specified by the Board

Where this provision sits

ActThe Punjab Self-Supporting Co-operative Societies Act, 2006
Section48
JurisdictionState of Punjab
StatusIn force as published by the source

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