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State of Assam - Section

Section 67 in The Assam State Co-operative Agriculture and Rural Development Bank Limited

67. Audit.

- (i) The Board shall as soon as the year is over, draw up a balance sheet in the prescribed form and shall write a report on the activities of the Bank for the year under audit;
(ii)The accounts and the balance-sheet so drawn up shall be audited each year by the regular staff of the Registrar of Co-operative Societies or those competent to Audit;
(iii)Annual report, balance sheet and Account together with audit notes prepared by the auditor shall be laid before the annual meeting of the General Assembly.