12.
THE AUDITORS
12.1 The books and accounts of the Society shall be audited by an external auditor authorised
by the Registrar, once at least in every year. The auditor shall inspect and audit the
accounts and other relevant records of the Society and shall forthwith draw the attention
of the Registrar and the Society to any irregularity disclosed by the inspection and audit
that is, in his opinion, of sufficient importance to justify his so doing.
12.2 The external auditor shall report:
(a) whether the financial statements show fairly the financial transactions and the state
of affairs of the Society; and
(b) such other matters arising from the audit as he considers should be reported on.
12.3 The external auditor shall state in his report whether:
(a) proper accounting and other records have been kept; and
(b) the receipt, expenditure and investment of monies and the acquisition and disposal
of assets by the Society during the year have been in accordance with the Act, the
Rules and these By-Laws.
12.4 The external auditor may at any other time report to the Registrar and the Society upon
any matters arising out of the carrying out of the audit.
12.5 The audit of the accounts shall include an examination of and report on overdue debts,
if any, and an examination of and report on the valuation of the assets and liabilities of
the Society.
.<
12.6 An external auditor authorised by the Registrar under the Act shall have the same
powers as are conferred upon the Registrar under the Act to audit accounts of societies.
13.
GENERAL
13.1 The Society shall keep a copy of the Act, the Rules, the By-Laws and a list of members
of the Society open to inspection by its members free of charge, at all reasonable times
at the registered address of the Society.
13.2 These By-Laws are supplementary to the provisions of th~ Act and the Rules. The
Society shall be governed by the Act, the Rules and the By-Laws read together.
Nothing in these By-Laws shall have power to limit the authority of the Registrar.
25
 |
25 |
 |