(1) The auditor appointed under sub-section
(1) ofsection 16, shall be a member ofthe Institute ofChartered Accountants of India, constituted under the Chartered Accountants Act, 1949 (Central Act XXVIII of 1949).
1[(2) In respect of a society whose annual income or expenditure in any one of the preceding three years has not exceeded two thousand and five hundred rupees, the members appointed under sub-section ( 1) ofSection 16 shall have passed the Tenth Standard Examination or an . examination equivalent or higher to it.]
2[(3) In respect of societies whose annual income or expenditure in any one ofthe preceding three years exceeded two thousand and five hundred rupees but not ten thousand rupees, the members appointed under sub-section (1) of Section 16 shall possess a degree of any University. In all other cases the members so appointed shall possess the qualification specified in sub-rule (1).]
Explanation.—For the purpose of 1[sub—rule (3)] the term “University” has the same meaning assigned to it in the University Grants Commission Act, 1956 (Central Act III of 1956) and includes any University outside India which is recognised by the Union or State Public Service Commission for the purpose ofrecruitment to public services.
1. Substituted by G.O. MS. No. 1061, CT & RE, dated 21.11.1985.
2. Inserted by ibid.
R. 22] THE TN. SOCIETIES REGISTRATION RULES, 1978 101