Short Answer

Yes, a member can complain if the accounts or audit reports are not ready by AGM time.

Detailed Explanation

Section 77 of the Gujarat Cooperative Societies Act, 1961 empowers members to raise complaints regarding the non-preparation of accounts or audit reports by the Annual General Meeting (AGM) time. This section mandates that every cooperative society must prepare its accounts and get them audited within a specified time frame, usually before the AGM. Failure to do so can lead to legal repercussions and members have the right to raise concerns about this delay.

In practice, if a cooperative society fails to present the accounts or audit reports at the AGM, members can formally complain to the society's management committee. The management committee is then obligated to take necessary actions to rectify the situation promptly. If the issue persists, members can escalate the matter to the Registrar of Cooperative Societies for further intervention.

Real-world Scenarios

• Scenario 1: A cooperative society fails to provide the audit reports at the AGM due to administrative delays. Members can formally complain to the management committee, urging them to expedite the audit process to ensure transparency and compliance with the law.

• Scenario 2: In a case where accounts are not prepared on time, causing a delay in the AGM, members can collectively raise concerns and demand accountability from the society's management committee.

Step-by-step process:

• Members notice the absence of accounts or audit reports at the AGM.

• Members formally complain to the management committee in writing.

• The management committee investigates the delay and takes corrective actions.

• If the issue persists, members escalate the matter to the Registrar of Cooperative Societies for resolution.

Reference

• Section 77 of the Gujarat Cooperative Societies Act, 1961: [Official PDF]