(1) Every registered society shall keep proper Accounts books of account and at the expiration of each financial audit, year, prepare a receipts and expenditure account and a balance-sheet and shall cause them to be audited by an auditor or by two or more members of the registered society (not being members of the committee), appointed by the registered society and possessing the prescribed qualifications.
(2) The auditor or the members appointed under sub-section (1) shall have access to all the books and accounts of the registered society, and shall examine the receipts and expenditure account and the balance sheet and verify them with the accounts and vouchers relating thereto, and shall either sign them as found by him or them to be correct, duly vouched, and in accordance with law, or specially report to the registered society in what respects he finds or they find them to be incorrect, unvouched, or not in accordance with law.
(3) Every registered society shall—
(a) within such period as may be prescribed after the expiration of each financial year, place before the general meeting the receipts and expenditure account and the balance sheet together with the report referred to in sub-section (2) duly signed by the auditor or the members appointed under sub-section (1) and the members of the committee ; and
(b) within such period as may be prescribed after the date of such general meeting, file with the Registrar—
(i) an authenticated copy of such receipts and expenditure account, balance sheet and report,
(ii) a statement of the names, addresses and occupations of the persons who, at the expiry of the financial year, were members of the registered society, and Supply of copies of by-laws, etc., to members.
(iii) a declaration to the effect that the society has been carrying on business or has been in operation during the financial year.
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17. Every registered society shall supply to any member, on application and on payment of such fee as may be prescribed, a copy of—
(i) its by-laws ;
(ii) the receipts and expenditure account; and
(iii) the balance sheet.
Property of registered society, how vested.
Members guilty of offences punishable as strangers.
Legal proceedings by or against registered societies.
Judgment how enforced
18. All property, movable and immovable, belonging to a registered society, whether acquired before or after its registration, if not vested in trustees, shall vest in the committee ; and any such property may in any legal proceeding, be referred to as the property of the committee.
19. Any member of a registered society who steals, purloins or embezzles any money or other property, or willfully and maliciously destroys or injures any property of the registered society, or forges any deed, bond, security for money, receipt or other instrument whereby the funds of the registered society may be exposed to loss, shall be subject to the same prosecution, and, if convicted, shall be liable to be punished in like manner as any person who is not a member would be subject and liable to in respect of the like offence.