Section 87(1)(e) in Mizoram Cooperative Societies Act, 2006
(e)also undertake examination or verification of following items such as-:(i)overdue of debts, if any;(ii)cash balance and securities and a valuation of assets and liabilities:(iii)whether loans and advances made by co-operative have been shown as deposits;(iv)whether the co-operative has proper utilized financial assistance granted by government, government undertaking or financial institutions for the purpose for which such assistance were actually granted:(v)whether the co-operative is properly carrying out its objects, purpose and obligations towards members;