(1) Save as provided in sub-clauses (2), (3). (4) and (5) of this regulation, the annual audit in the accounts of any registered Trade Union shall be conducted by an auditor authorized to audit the accounts of companies under section 144(1) of the Indian Companies (Amendment) Act, 1930 or under section 3(2) of the Indian Companies (Amendment) Act,1950.
(2) Where the membership of a Trade Union did not at any time during the financial year exceed 2,500, the annual audit of the accounts may be conducted.-
(a) by any examiner of local fund account or
(b) by any local fund auditor appointed by the Rajasthan Government, or
(c) by any person, who having held an appointment under 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 Trade Union did not at any time during the financial year exceed 750, the annual audit of the accounts may be conducted.-
(a) by any two persons holding office as Magistrate or Judges or as members of any Municipal Council, District Board, or Legislative Body, or
(b) by any person, who, having held an appointment under Government in any audit or accounts department is in receipt of a pension from Government of not less than Rs.
75/-per month, or
(c) by any auditor appointed to conduct the audit of any cooperative societies by Government or by the Registrar of cooperative organisation recognised by the Government for this.
(4) Where the membership of a Trade Union did not at any time during the financial year exceed 250 the annual audit of the accounts may be conducted by any two members of the Union.
(5) Where the Trade union is a federation of unions, and the number of unions affiliated to it at any time during the financial year did not exceed 50,15 or 5 respectively the audit of the accounts of the federation may be conducted as if jt has not at any time during the year had a membership of more than 2500, 750 or 250 respectively.
1 Subsituted vide notification No. F13(10)shram/vidhi/99 dated 04 Sept., 2000