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What official records must the society keep (e.g., register of members, minutes books, ledgers)?

A cooperative society in Gujarat must maintain various official records, including a register of members, minutes books, ledgers, and other important documents.

What official records must the society keep (e.g., register of members, minutes books, ledgers)?

A cooperative society in Gujarat must maintain various official records, including a register of members, minutes books, ledgers, and other important documents.

What official records must the society keep (e.g., register of members, minutes books, ledgers)?

A cooperative society in Gujarat must maintain various official records, including a register of members, minutes books, ledgers, and other important documents.

Where does the society keep plans, by-laws, and important legal documents?

The society must keep plans, by-laws, and important legal documents at its registered office.

Where does the society keep plans, by-laws, and important legal documents?

The society must keep plans, by-laws, and important legal documents at its registered office.

Where does the society keep plans, by-laws, and important legal documents?

The society must keep plans, by-laws, and important legal documents at its registered office.

Is the society required to maintain a member register and a share ledger?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, 1965, a society is required to maintain a member register and a share ledger.

Is the society required to maintain a member register and a share ledger?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, 1965, a society is required to maintain a member register and a share ledger.

Is the society required to maintain a member register and a share ledger?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, 1965, a society is required to maintain a member register and a share ledger.

Can any member inspect the society’s minutes of general or committee meetings?

Yes, any member of a cooperative society has the right to inspect the society's minutes of general or committee meetings.

Can any member inspect the society’s minutes of general or committee meetings?

Yes, any member of a cooperative society has the right to inspect the society's minutes of general or committee meetings.

Can any member inspect the society’s minutes of general or committee meetings?

Yes, any member of a cooperative society has the right to inspect the society's minutes of general or committee meetings.

How can a member request to see the society’s accounts or get copies of resolutions?[35]

A member can request to see the society's accounts or get copies of resolutions by submitting a written application to the society's secretary or authorized person.

How can a member request to see the society’s accounts or get copies of resolutions?[35]

A member can request to see the society's accounts or get copies of resolutions by submitting a written application to the society's secretary or authorized person.

How can a member request to see the society’s accounts or get copies of resolutions?[35]

A member can request to see the society's accounts or get copies of resolutions by submitting a written application to the society's secretary or authorized person.

Are members entitled to a certified copy of any society document (like resolution or accounts) for a fee?[35]

Yes, members are entitled to a certified copy of society documents like resolutions or accounts for a fee.

Are members entitled to a certified copy of any society document (like resolution or accounts) for a fee?[35]

Yes, members are entitled to a certified copy of society documents like resolutions or accounts for a fee.

Are members entitled to a certified copy of any society document (like resolution or accounts) for a fee?[35]

Yes, members are entitled to a certified copy of society documents like resolutions or accounts for a fee.

Does the society have to provide the list of all members and their shareholding to anyone who asks?

Yes, as per the Gujarat Cooperative Societies Act, 1961, the society is required to provide the list of all members and their shareholding to anyone who asks.

Does the society have to provide the list of all members and their shareholding to anyone who asks?

Yes, as per the Gujarat Cooperative Societies Act, 1961, the society is required to provide the list of all members and their shareholding to anyone who asks.

Does the society have to provide the list of all members and their shareholding to anyone who asks?

Yes, as per the Gujarat Cooperative Societies Act, 1961, the society is required to provide the list of all members and their shareholding to anyone who asks.

What is a society audit, and is it mandatory every year?[36]

Yes, a society audit is mandatory every year.

What is a society audit, and is it mandatory every year?[36]

Yes, a society audit is mandatory every year.

What is a society audit, and is it mandatory every year?[36]

Yes, a society audit is mandatory every year.

Who is qualified to audit the society’s accounts (e.g., must be a Chartered Accountant)?[37]

A Chartered Accountant is qualified to audit the society's accounts.

Who is qualified to audit the society’s accounts (e.g., must be a Chartered Accountant)?[37]

A Chartered Accountant is qualified to audit the society's accounts.

Who is qualified to audit the society’s accounts (e.g., must be a Chartered Accountant)?[37]

A Chartered Accountant is qualified to audit the society's accounts.

What period should the annual audit cover – a financial year?

The annual audit of a cooperative society should cover a financial year.

What period should the annual audit cover – a financial year?

The annual audit of a cooperative society should cover a financial year.

What period should the annual audit cover – a financial year?

The annual audit of a cooperative society should cover a financial year.

Can the society delay its annual audit, and if so, what is the consequence?

No, a society cannot delay its annual audit without consequences.

Can the society delay its annual audit, and if so, what is the consequence?

No, a society cannot delay its annual audit without consequences.

Can the society delay its annual audit, and if so, what is the consequence?

No, a society cannot delay its annual audit without consequences.

Are societies required to present the audited balance sheet and accounts at the AGM?[34]

Yes, societies are required to present the audited balance sheet and accounts at the Annual General Meeting (AGM).

Are societies required to present the audited balance sheet and accounts at the AGM?[34]

Yes, societies are required to present the audited balance sheet and accounts at the Annual General Meeting (AGM).

Are societies required to present the audited balance sheet and accounts at the AGM?[34]

Yes, societies are required to present the audited balance sheet and accounts at the Annual General Meeting (AGM).

What must be included when the committee presents accounts at the AGM (auditor’s report, etc.)?[34]

The committee must include the auditor's report, profit and loss account, balance sheet, and other relevant financial statements when presenting accounts at the Annual General Meeting (AGM).

What must be included when the committee presents accounts at the AGM (auditor’s report, etc.)?[34]

The committee must include the auditor's report, profit and loss account, balance sheet, and other relevant financial statements when presenting accounts at the Annual General Meeting (AGM).

What must be included when the committee presents accounts at the AGM (auditor’s report, etc.)?[34]

The committee must include the auditor's report, profit and loss account, balance sheet, and other relevant financial statements when presenting accounts at the Annual General Meeting (AGM).

Can a member refuse to pay maintenance if the society fails to produce audited accounts?

No, a member cannot refuse to pay maintenance if the society fails to produce audited accounts.

Can a member refuse to pay maintenance if the society fails to produce audited accounts?

No, a member cannot refuse to pay maintenance if the society fails to produce audited accounts.

Can a member refuse to pay maintenance if the society fails to produce audited accounts?

No, a member cannot refuse to pay maintenance if the society fails to produce audited accounts.

How do we verify that the society has actually done the audit it claims to have done?

To verify that a society has actually conducted the audit it claims, one can refer to Section 81 of the Gujarat Cooperative Societies Act, 1961 and Rule 70 of the Gujarat Cooperative Societies Rules, 1965.

How do we verify that the society has actually done the audit it claims to have done?

To verify that a society has actually conducted the audit it claims, one can refer to Section 81 of the Gujarat Cooperative Societies Act, 1961 and Rule 70 of the Gujarat Cooperative Societies Rules, 1965.

How do we verify that the society has actually done the audit it claims to have done?

To verify that a society has actually conducted the audit it claims, one can refer to Section 81 of the Gujarat Cooperative Societies Act, 1961 and Rule 70 of the Gujarat Cooperative Societies Rules, 1965.

What if the society’s accounts are found irregular during the audit?

If a society's accounts are found irregular during an audit, certain actions can be taken as per the Gujarat Cooperative Societies Act, 1961 and Rules.

What if the society’s accounts are found irregular during the audit?

If a society's accounts are found irregular during an audit, certain actions can be taken as per the Gujarat Cooperative Societies Act, 1961 and Rules.

What if the society’s accounts are found irregular during the audit?

If a society's accounts are found irregular during an audit, certain actions can be taken as per the Gujarat Cooperative Societies Act, 1961 and Rules.

Can members request the Registrar to conduct a special audit if they suspect fraud?

Yes, members can request the Registrar to conduct a special audit if they suspect fraud.

Can members request the Registrar to conduct a special audit if they suspect fraud?

Yes, members can request the Registrar to conduct a special audit if they suspect fraud.

Can members request the Registrar to conduct a special audit if they suspect fraud?

Yes, members can request the Registrar to conduct a special audit if they suspect fraud.

Are societies required to file an annual return with the Registrar after audit?

Yes, societies are required to file an annual return with the Registrar after audit.

Are societies required to file an annual return with the Registrar after audit?

Yes, societies are required to file an annual return with the Registrar after audit.

Are societies required to file an annual return with the Registrar after audit?

Yes, societies are required to file an annual return with the Registrar after audit.

How should the society handle its reserve fund and sinking fund accounts?

A society must maintain its Reserve Fund and Sinking Fund accounts separately and manage them strictly as per Section 66 and Section 67 of the Gujarat Cooperative Societies Act, 1961 and Rule 36 of the Gujarat Cooperative Societies Rules, 1965. These funds are meant for long-term stability and maintenance — they cannot be used for day-to-day expenses without prior approval from the Registrar of Cooperative Societies.

How should the society handle its reserve fund and sinking fund accounts?

A society must maintain its Reserve Fund and Sinking Fund accounts separately and manage them strictly as per Section 66 and Section 67 of the Gujarat Cooperative Societies Act, 1961 and Rule 36 of the Gujarat Cooperative Societies Rules, 1965. These funds are meant for long-term stability and maintenance — they cannot be used for day-to-day expenses without prior approval from the Registrar of Cooperative Societies.

How should the society handle its reserve fund and sinking fund accounts?

A society must maintain its Reserve Fund and Sinking Fund accounts separately and manage them strictly as per Section 66 and Section 67 of the Gujarat Cooperative Societies Act, 1961 and Rule 36 of the Gujarat Cooperative Societies Rules, 1965. These funds are meant for long-term stability and maintenance — they cannot be used for day-to-day expenses without prior approval from the Registrar of Cooperative Societies.

Can a member complain if the accounts or audit reports are not ready by AGM time?

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

Can a member complain if the accounts or audit reports are not ready by AGM time?

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

Can a member complain if the accounts or audit reports are not ready by AGM time?

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

What steps can be taken if the society fails to hold an audit at all?

If a society fails to hold an audit at all, certain steps can be taken under the Gujarat Cooperative Societies Act, 1961 and Rules, 1965.

What steps can be taken if the society fails to hold an audit at all?

If a society fails to hold an audit at all, certain steps can be taken under the Gujarat Cooperative Societies Act, 1961 and Rules, 1965.

What steps can be taken if the society fails to hold an audit at all?

If a society fails to hold an audit at all, certain steps can be taken under the Gujarat Cooperative Societies Act, 1961 and Rules, 1965.

Is the society allowed to appoint the same auditor consecutively indefinitely?

No, the society is not allowed to appoint the same auditor consecutively indefinitely.

Is the society allowed to appoint the same auditor consecutively indefinitely?

No, the society is not allowed to appoint the same auditor consecutively indefinitely.

Is the society allowed to appoint the same auditor consecutively indefinitely?

No, the society is not allowed to appoint the same auditor consecutively indefinitely.

Can a relative of a committee member serve as the society auditor?

No, a relative of a managing committee member cannot be appointed as the society’s auditor. Under Section 84 of the Gujarat Cooperative Societies Act, 1961 and Rule 73 of the Gujarat Cooperative Societies Rules, 1965, an auditor must be independent and impartial, and any relationship with the committee or its members creates a conflict of interest, disqualifying the auditor from appointment.

Can a relative of a committee member serve as the society auditor?

No, a relative of a managing committee member cannot be appointed as the society’s auditor. Under Section 84 of the Gujarat Cooperative Societies Act, 1961 and Rule 73 of the Gujarat Cooperative Societies Rules, 1965, an auditor must be independent and impartial, and any relationship with the committee or its members creates a conflict of interest, disqualifying the auditor from appointment.

Can a relative of a committee member serve as the society auditor?

No, a relative of a managing committee member cannot be appointed as the society’s auditor. Under Section 84 of the Gujarat Cooperative Societies Act, 1961 and Rule 73 of the Gujarat Cooperative Societies Rules, 1965, an auditor must be independent and impartial, and any relationship with the committee or its members creates a conflict of interest, disqualifying the auditor from appointment.

If the auditor is negligent, can members hold them accountable?

Yes, members can hold the auditor accountable if they are negligent.

If the auditor is negligent, can members hold them accountable?

Yes, members can hold the auditor accountable if they are negligent.

If the auditor is negligent, can members hold them accountable?

Yes, members can hold the auditor accountable if they are negligent.

What is the consequence if a society officer (like the secretary) fails to hand over records at elections?[33]

If a society officer, such as the secretary, fails to hand over records at elections, they may face consequences as per the Gujarat Cooperative Societies Act, 1961.

What is the consequence if a society officer (like the secretary) fails to hand over records at elections?[33]

If a society officer, such as the secretary, fails to hand over records at elections, they may face consequences as per the Gujarat Cooperative Societies Act, 1961.

What is the consequence if a society officer (like the secretary) fails to hand over records at elections?[33]

If a society officer, such as the secretary, fails to hand over records at elections, they may face consequences as per the Gujarat Cooperative Societies Act, 1961.

If the previous chairman refuses to surrender the society’s documents, what can the Registrar do?[33]

The Registrar can take action against the previous chairman who refuses to surrender the society's documents.

If the previous chairman refuses to surrender the society’s documents, what can the Registrar do?[33]

The Registrar can take action against the previous chairman who refuses to surrender the society's documents.

If the previous chairman refuses to surrender the society’s documents, what can the Registrar do?[33]

The Registrar can take action against the previous chairman who refuses to surrender the society's documents.

How soon after elections must the new committee receive all previous records?

The new committee must receive all previous records within 15 days after the elections.

How soon after elections must the new committee receive all previous records?

The new committee must receive all previous records within 15 days after the elections.

How soon after elections must the new committee receive all previous records?

The new committee must receive all previous records within 15 days after the elections.

Are minutes of AGM and important resolutions required to be circulated to all members?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, minutes of AGM and important resolutions are required to be circulated to all members.

Are minutes of AGM and important resolutions required to be circulated to all members?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, minutes of AGM and important resolutions are required to be circulated to all members.

Are minutes of AGM and important resolutions required to be circulated to all members?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, minutes of AGM and important resolutions are required to be circulated to all members.

Can a member get a copy of the audit report or is it only shown at the AGM?

Yes, a member of a cooperative society can request a copy of the audit report.

Can a member get a copy of the audit report or is it only shown at the AGM?

Yes, a member of a cooperative society can request a copy of the audit report.

Can a member get a copy of the audit report or is it only shown at the AGM?

Yes, a member of a cooperative society can request a copy of the audit report.

What is the timeline for the society to fix its accounts for audit after the financial year closes?

The society must fix its accounts for audit within 6 months after the financial year closes.

What is the timeline for the society to fix its accounts for audit after the financial year closes?

The society must fix its accounts for audit within 6 months after the financial year closes.

What is the timeline for the society to fix its accounts for audit after the financial year closes?

The society must fix its accounts for audit within 6 months after the financial year closes.

Are societies required to obtain approval of the Registrar for their balance sheet?

Yes, societies are required to obtain approval of the Registrar for their balance sheet.

Are societies required to obtain approval of the Registrar for their balance sheet?

Yes, societies are required to obtain approval of the Registrar for their balance sheet.

Are societies required to obtain approval of the Registrar for their balance sheet?

Yes, societies are required to obtain approval of the Registrar for their balance sheet.

If audits are repeatedly qualified (i.e. with exceptions), what recourse do members have?

Members can take recourse by filing a complaint with the Registrar of Cooperative Societies under Section 75 of the Gujarat Cooperative Societies Act, 1961.

If audits are repeatedly qualified (i.e. with exceptions), what recourse do members have?

Members can take recourse by filing a complaint with the Registrar of Cooperative Societies under Section 75 of the Gujarat Cooperative Societies Act, 1961.

If audits are repeatedly qualified (i.e. with exceptions), what recourse do members have?

Members can take recourse by filing a complaint with the Registrar of Cooperative Societies under Section 75 of the Gujarat Cooperative Societies Act, 1961.

Can members demand removal of a faulty auditor and appointment of a new one?

Yes, members of a cooperative society can demand the removal of a faulty auditor and the appointment of a new one.

Can members demand removal of a faulty auditor and appointment of a new one?

Yes, members of a cooperative society can demand the removal of a faulty auditor and the appointment of a new one.

Can members demand removal of a faulty auditor and appointment of a new one?

Yes, members of a cooperative society can demand the removal of a faulty auditor and the appointment of a new one.

How does the society calculate net profit for the year, and does it matter? (Gains are usually inapplicable)

The society calculates net profit for the year by deducting expenses from the total income. It matters as it impacts the financial health and decision-making of the society.

How does the society calculate net profit for the year, and does it matter? (Gains are usually inapplicable)

The society calculates net profit for the year by deducting expenses from the total income. It matters as it impacts the financial health and decision-making of the society.

How does the society calculate net profit for the year, and does it matter? (Gains are usually inapplicable)

The society calculates net profit for the year by deducting expenses from the total income. It matters as it impacts the financial health and decision-making of the society.

Is the society required to transfer a portion of any surplus to the statutory reserve? (Yes, Sec. 67)

Yes, as per Section 67 of the Gujarat Cooperative Societies Act, 1961, a society is required to transfer a portion of any surplus to the statutory reserve.

Is the society required to transfer a portion of any surplus to the statutory reserve? (Yes, Sec. 67)

Yes, as per Section 67 of the Gujarat Cooperative Societies Act, 1961, a society is required to transfer a portion of any surplus to the statutory reserve.

Is the society required to transfer a portion of any surplus to the statutory reserve? (Yes, Sec. 67)

Yes, as per Section 67 of the Gujarat Cooperative Societies Act, 1961, a society is required to transfer a portion of any surplus to the statutory reserve.

What is a Reserve Fund, and how is it funded? (At least 1/4 of net profit[38])

A Reserve Fund is a fund set aside by a cooperative society to meet future contingencies and to ensure financial stability. It is funded by allocating at least one-fourth of the net profit of the society towards this fund.

What is a Reserve Fund, and how is it funded? (At least 1/4 of net profit[38])

A Reserve Fund is a fund set aside by a cooperative society to meet future contingencies and to ensure financial stability. It is funded by allocating at least one-fourth of the net profit of the society towards this fund.

What is a Reserve Fund, and how is it funded? (At least 1/4 of net profit[38])

A Reserve Fund is a fund set aside by a cooperative society to meet future contingencies and to ensure financial stability. It is funded by allocating at least one-fourth of the net profit of the society towards this fund.

Can auditors charge society expenses for travel or stationary – and can the society include that in maintenance?

Auditors can charge society expenses for travel or stationary, but it should be reasonable and necessary. The society can include these charges in maintenance if they are justified.

Can auditors charge society expenses for travel or stationary – and can the society include that in maintenance?

Auditors can charge society expenses for travel or stationary, but it should be reasonable and necessary. The society can include these charges in maintenance if they are justified.

Can auditors charge society expenses for travel or stationary – and can the society include that in maintenance?

Auditors can charge society expenses for travel or stationary, but it should be reasonable and necessary. The society can include these charges in maintenance if they are justified.

Are the society’s books subject to inspection by government auditors (e.g., by the RCS office)?

Yes, the society's books are subject to inspection by government auditors, such as the RCS office.

Are the society’s books subject to inspection by government auditors (e.g., by the RCS office)?

Yes, the society's books are subject to inspection by government auditors, such as the RCS office.

Are the society’s books subject to inspection by government auditors (e.g., by the RCS office)?

Yes, the society's books are subject to inspection by government auditors, such as the RCS office.

If we find unauthorized loans or advances in the accounts, how do we challenge them?

To challenge unauthorized loans or advances in the accounts, you can take recourse to Section 73 of the Gujarat Cooperative Societies Act, 1961 and Rule 84 of the Gujarat Cooperative Societies Rules, 1965.

If we find unauthorized loans or advances in the accounts, how do we challenge them?

To challenge unauthorized loans or advances in the accounts, you can take recourse to Section 73 of the Gujarat Cooperative Societies Act, 1961 and Rule 84 of the Gujarat Cooperative Societies Rules, 1965.

If we find unauthorized loans or advances in the accounts, how do we challenge them?

To challenge unauthorized loans or advances in the accounts, you can take recourse to Section 73 of the Gujarat Cooperative Societies Act, 1961 and Rule 84 of the Gujarat Cooperative Societies Rules, 1965.

Do auditors have to report serious fraud to the Registrar?

Yes, auditors are required to report serious fraud to the Registrar.

Do auditors have to report serious fraud to the Registrar?

Yes, auditors are required to report serious fraud to the Registrar.

Do auditors have to report serious fraud to the Registrar?

Yes, auditors are required to report serious fraud to the Registrar.

Can the society hold more than one audit a year if finances demand?

No, as per the Gujarat Cooperative Societies Act, 1961, a society cannot hold more than one audit a year even if finances demand.

Can the society hold more than one audit a year if finances demand?

No, as per the Gujarat Cooperative Societies Act, 1961, a society cannot hold more than one audit a year even if finances demand.

Can the society hold more than one audit a year if finances demand?

No, as per the Gujarat Cooperative Societies Act, 1961, a society cannot hold more than one audit a year even if finances demand.

If society funds are misused, what legal action can members take to recover assets?

Yes, if society funds are misused or misappropriated, members have the right to take legal action to recover the assets and hold the responsible persons accountable. Under Section 93 and Section 96 of the Gujarat Cooperative Societies Act, 1961, the Registrar of Cooperative Societies has the authority to initiate inquiries, order recovery, and prosecute committee members or officers found guilty of financial irregularities.

If society funds are misused, what legal action can members take to recover assets?

Yes, if society funds are misused or misappropriated, members have the right to take legal action to recover the assets and hold the responsible persons accountable. Under Section 93 and Section 96 of the Gujarat Cooperative Societies Act, 1961, the Registrar of Cooperative Societies has the authority to initiate inquiries, order recovery, and prosecute committee members or officers found guilty of financial irregularities.

If society funds are misused, what legal action can members take to recover assets?

Yes, if society funds are misused or misappropriated, members have the right to take legal action to recover the assets and hold the responsible persons accountable. Under Section 93 and Section 96 of the Gujarat Cooperative Societies Act, 1961, the Registrar of Cooperative Societies has the authority to initiate inquiries, order recovery, and prosecute committee members or officers found guilty of financial irregularities.

Are minutes of the managing committee meetings supposed to be maintained, and who can view them?

Yes, minutes of the managing committee meetings are required to be maintained, and they can be viewed by the members of the cooperative society.

Are minutes of the managing committee meetings supposed to be maintained, and who can view them?

Yes, minutes of the managing committee meetings are required to be maintained, and they can be viewed by the members of the cooperative society.

Are minutes of the managing committee meetings supposed to be maintained, and who can view them?

Yes, minutes of the managing committee meetings are required to be maintained, and they can be viewed by the members of the cooperative society.

What statutory registers (like attendance register, loan register) must be maintained?

Statutory registers that must be maintained by cooperative societies include the Register of Members, Register of Directors, Register of Shares, Register of Loans, and Minutes Book.

What statutory registers (like attendance register, loan register) must be maintained?

Statutory registers that must be maintained by cooperative societies include the Register of Members, Register of Directors, Register of Shares, Register of Loans, and Minutes Book.

What statutory registers (like attendance register, loan register) must be maintained?

Statutory registers that must be maintained by cooperative societies include the Register of Members, Register of Directors, Register of Shares, Register of Loans, and Minutes Book.

Can a society mandate electronic accounts and audits, or still use paper?

Yes, a society can mandate electronic accounts and audits, or still use paper.

Can a society mandate electronic accounts and audits, or still use paper?

Yes, a society can mandate electronic accounts and audits, or still use paper.

Can a society mandate electronic accounts and audits, or still use paper?

Yes, a society can mandate electronic accounts and audits, or still use paper.

How long must the society preserve annual records and minutes before they can be destroyed?

The society must preserve annual records and minutes for a minimum of 8 years before they can be destroyed.

How long must the society preserve annual records and minutes before they can be destroyed?

The society must preserve annual records and minutes for a minimum of 8 years before they can be destroyed.

How long must the society preserve annual records and minutes before they can be destroyed?

The society must preserve annual records and minutes for a minimum of 8 years before they can be destroyed.

If the society changes its financial year, how does it affect audit schedules?

Changing the financial year of a cooperative society can impact audit schedules.

If the society changes its financial year, how does it affect audit schedules?

Changing the financial year of a cooperative society can impact audit schedules.

If the society changes its financial year, how does it affect audit schedules?

Changing the financial year of a cooperative society can impact audit schedules.

What happens if a society is found not keeping the required books – can it be penalized?

Yes, a society can be penalized if it is found not keeping the required books.

What happens if a society is found not keeping the required books – can it be penalized?

Yes, a society can be penalized if it is found not keeping the required books.

What happens if a society is found not keeping the required books – can it be penalized?

Yes, a society can be penalized if it is found not keeping the required books.

Can members approach the Registrar if they suspect accounts were cooked?

Yes, members can approach the Registrar if they suspect accounts were cooked.

Can members approach the Registrar if they suspect accounts were cooked?

Yes, members can approach the Registrar if they suspect accounts were cooked.

Can members approach the Registrar if they suspect accounts were cooked?

Yes, members can approach the Registrar if they suspect accounts were cooked.

Are societies required to have an internal audit or only the external statutory audit?

Societies are required to have both internal audits and external statutory audits.

Are societies required to have an internal audit or only the external statutory audit?

Societies are required to have both internal audits and external statutory audits.

Are societies required to have an internal audit or only the external statutory audit?

Societies are required to have both internal audits and external statutory audits.

What is the role of an Audit Committee (if any) in a society? (Not usually in housing co-ops)

The Audit Committee in a society plays a crucial role in overseeing the financial reporting process, internal controls, and audit functions to ensure transparency and accountability.

What is the role of an Audit Committee (if any) in a society? (Not usually in housing co-ops)

The Audit Committee in a society plays a crucial role in overseeing the financial reporting process, internal controls, and audit functions to ensure transparency and accountability.

What is the role of an Audit Committee (if any) in a society? (Not usually in housing co-ops)

The Audit Committee in a society plays a crucial role in overseeing the financial reporting process, internal controls, and audit functions to ensure transparency and accountability.

Can members demand the auditor to answer questions at the AGM?

Yes, members can demand the auditor to answer questions at the Annual General Meeting (AGM).

Can members demand the auditor to answer questions at the AGM?

Yes, members can demand the auditor to answer questions at the Annual General Meeting (AGM).

Can members demand the auditor to answer questions at the AGM?

Yes, members can demand the auditor to answer questions at the Annual General Meeting (AGM).

If any deficiency is noted in the audit, must it be included in the AGM resolutions?

Yes, any deficiency noted in the audit must be included in the AGM resolutions.

If any deficiency is noted in the audit, must it be included in the AGM resolutions?

Yes, any deficiency noted in the audit must be included in the AGM resolutions.

If any deficiency is noted in the audit, must it be included in the AGM resolutions?

Yes, any deficiency noted in the audit must be included in the AGM resolutions.

Can members ask for changes to the accounts (corrections) before approving them?

Yes, members of a cooperative society can ask for changes to the accounts (corrections) before approving them.

Can members ask for changes to the accounts (corrections) before approving them?

Yes, members of a cooperative society can ask for changes to the accounts (corrections) before approving them.

Can members ask for changes to the accounts (corrections) before approving them?

Yes, members of a cooperative society can ask for changes to the accounts (corrections) before approving them.

If accounts show a surplus, does the society distribute it among members? (Usually not)

No, the surplus shown in the accounts of a cooperative society is not distributed among its members by default.

If accounts show a surplus, does the society distribute it among members? (Usually not)

No, the surplus shown in the accounts of a cooperative society is not distributed among its members by default.

If accounts show a surplus, does the society distribute it among members? (Usually not)

No, the surplus shown in the accounts of a cooperative society is not distributed among its members by default.

How are advances, deposits, or loans to members reflected in the books?

Advances, deposits, or loans to members are reflected in the books of a cooperative society through proper documentation and accounting entries.

How are advances, deposits, or loans to members reflected in the books?

Advances, deposits, or loans to members are reflected in the books of a cooperative society through proper documentation and accounting entries.

How are advances, deposits, or loans to members reflected in the books?

Advances, deposits, or loans to members are reflected in the books of a cooperative society through proper documentation and accounting entries.

Are cash books and ledgers required for small societies, or is passbook enough?

Cash books and ledgers are required for all cooperative societies, regardless of size.

Are cash books and ledgers required for small societies, or is passbook enough?

Cash books and ledgers are required for all cooperative societies, regardless of size.

Are cash books and ledgers required for small societies, or is passbook enough?

Cash books and ledgers are required for all cooperative societies, regardless of size.

Can the registrar appoint an auditor for the society if none is appointed by AGM?

Yes, the registrar can appoint an auditor for the society if none is appointed by the Annual General Meeting (AGM).

Can the registrar appoint an auditor for the society if none is appointed by AGM?

Yes, the registrar can appoint an auditor for the society if none is appointed by the Annual General Meeting (AGM).

Can the registrar appoint an auditor for the society if none is appointed by AGM?

Yes, the registrar can appoint an auditor for the society if none is appointed by the Annual General Meeting (AGM).

What is the procedure if the AGM rejects the audit report or balance sheet?

If the Annual General Meeting (AGM) rejects the audit report or balance sheet, the procedure involves appointing a special auditor to re-audit the accounts.

What is the procedure if the AGM rejects the audit report or balance sheet?

If the Annual General Meeting (AGM) rejects the audit report or balance sheet, the procedure involves appointing a special auditor to re-audit the accounts.

What is the procedure if the AGM rejects the audit report or balance sheet?

If the Annual General Meeting (AGM) rejects the audit report or balance sheet, the procedure involves appointing a special auditor to re-audit the accounts.

Can society expel a treasurer or secretary for willful damage to accounts?

Yes, a society can expel a treasurer or secretary for willful damage to accounts.

Can society expel a treasurer or secretary for willful damage to accounts?

Yes, a society can expel a treasurer or secretary for willful damage to accounts.

Can society expel a treasurer or secretary for willful damage to accounts?

Yes, a society can expel a treasurer or secretary for willful damage to accounts.

Can members use Right to Information to get information from society (if applicable)?

Yes, members can use the Right to Information (RTI) to obtain information from a cooperative society.

Can members use Right to Information to get information from society (if applicable)?

Yes, members can use the Right to Information (RTI) to obtain information from a cooperative society.

Can members use Right to Information to get information from society (if applicable)?

Yes, members can use the Right to Information (RTI) to obtain information from a cooperative society.

How do we ensure society funds are not kept idle – is there a legal ceiling on cash reserves?

Yes, there are legal provisions under the Gujarat Cooperative Societies Act, 1961 to ensure society funds are not kept idle, and there is a limit on cash reserves that can be maintained.

How do we ensure society funds are not kept idle – is there a legal ceiling on cash reserves?

Yes, there are legal provisions under the Gujarat Cooperative Societies Act, 1961 to ensure society funds are not kept idle, and there is a limit on cash reserves that can be maintained.

How do we ensure society funds are not kept idle – is there a legal ceiling on cash reserves?

Yes, there are legal provisions under the Gujarat Cooperative Societies Act, 1961 to ensure society funds are not kept idle, and there is a limit on cash reserves that can be maintained.

If GST or other new taxes apply, how do we account for them in society books?

When GST or other new taxes apply, they should be accounted for in society books as per the relevant provisions of the Gujarat Cooperative Societies Act, 1961 and Rules.

If GST or other new taxes apply, how do we account for them in society books?

When GST or other new taxes apply, they should be accounted for in society books as per the relevant provisions of the Gujarat Cooperative Societies Act, 1961 and Rules.

If GST or other new taxes apply, how do we account for them in society books?

When GST or other new taxes apply, they should be accounted for in society books as per the relevant provisions of the Gujarat Cooperative Societies Act, 1961 and Rules.

Can society incur expenses (like a loan) without the sanction of general body and record in books?

No, a society cannot incur expenses like a loan without the sanction of the general body and recording it in the books.

Can society incur expenses (like a loan) without the sanction of general body and record in books?

No, a society cannot incur expenses like a loan without the sanction of the general body and recording it in the books.

Can society incur expenses (like a loan) without the sanction of general body and record in books?

No, a society cannot incur expenses like a loan without the sanction of the general body and recording it in the books.

What is the procedure for transferring funds between accounts (e.g. from maintenance to sinking fund)?

To transfer funds between accounts, such as from maintenance to sinking fund, the procedure involves obtaining approval from the managing committee, passing a resolution, updating the books of accounts, and ensuring compliance with the Gujarat Cooperative Societies Act, 1961.

What is the procedure for transferring funds between accounts (e.g. from maintenance to sinking fund)?

To transfer funds between accounts, such as from maintenance to sinking fund, the procedure involves obtaining approval from the managing committee, passing a resolution, updating the books of accounts, and ensuring compliance with the Gujarat Cooperative Societies Act, 1961.

What is the procedure for transferring funds between accounts (e.g. from maintenance to sinking fund)?

To transfer funds between accounts, such as from maintenance to sinking fund, the procedure involves obtaining approval from the managing committee, passing a resolution, updating the books of accounts, and ensuring compliance with the Gujarat Cooperative Societies Act, 1961.

Do audit statements need to be filed with any other authority (like income tax, even if exempt)?

Audit statements under the Gujarat Cooperative Societies Act, 1961 do not need to be filed with any other authority like income tax, even if exempt.

Do audit statements need to be filed with any other authority (like income tax, even if exempt)?

Audit statements under the Gujarat Cooperative Societies Act, 1961 do not need to be filed with any other authority like income tax, even if exempt.

Do audit statements need to be filed with any other authority (like income tax, even if exempt)?

Audit statements under the Gujarat Cooperative Societies Act, 1961 do not need to be filed with any other authority like income tax, even if exempt.

If the society invests money (fixed deposit), are we required to enter that in maintenance calculation?

Yes, the society is required to include the investment income from fixed deposits in maintenance calculations.

If the society invests money (fixed deposit), are we required to enter that in maintenance calculation?

Yes, the society is required to include the investment income from fixed deposits in maintenance calculations.

If the society invests money (fixed deposit), are we required to enter that in maintenance calculation?

Yes, the society is required to include the investment income from fixed deposits in maintenance calculations.

Can members challenge unauthorized adjustments in accounts (like a surprise ledger entry)?

Yes, members can challenge unauthorized adjustments in accounts.

Can members challenge unauthorized adjustments in accounts (like a surprise ledger entry)?

Yes, members can challenge unauthorized adjustments in accounts.

Can members challenge unauthorized adjustments in accounts (like a surprise ledger entry)?

Yes, members can challenge unauthorized adjustments in accounts.

Are the auditors permitted to prepare the accounts they audit, or must they remain independent?

Auditors must remain independent and are not permitted to prepare the accounts they audit.

Are the auditors permitted to prepare the accounts they audit, or must they remain independent?

Auditors must remain independent and are not permitted to prepare the accounts they audit.

Are the auditors permitted to prepare the accounts they audit, or must they remain independent?

Auditors must remain independent and are not permitted to prepare the accounts they audit.

What books does the society secretary have to maintain by law (for example, register of shares)?

The society secretary is required by law to maintain various books, including the register of members, register of shares, minutes book, cash book, and other necessary records.

What books does the society secretary have to maintain by law (for example, register of shares)?

The society secretary is required by law to maintain various books, including the register of members, register of shares, minutes book, cash book, and other necessary records.

What books does the society secretary have to maintain by law (for example, register of shares)?

The society secretary is required by law to maintain various books, including the register of members, register of shares, minutes book, cash book, and other necessary records.

Do we have to get our statutes or by-laws updated every so often, and how is that recorded?

Yes, it is advisable to update the statutes or by-laws of a cooperative society periodically to ensure they are in line with current laws and regulations. The process of updating should be recorded in the minutes of the society's meetings.

Do we have to get our statutes or by-laws updated every so often, and how is that recorded?

Yes, it is advisable to update the statutes or by-laws of a cooperative society periodically to ensure they are in line with current laws and regulations. The process of updating should be recorded in the minutes of the society's meetings.

Do we have to get our statutes or by-laws updated every so often, and how is that recorded?

Yes, it is advisable to update the statutes or by-laws of a cooperative society periodically to ensure they are in line with current laws and regulations. The process of updating should be recorded in the minutes of the society's meetings.

If our society was audited and differences found, how are they communicated to members?

Differences found during society audits are communicated to members through audit reports and general body meetings.

If our society was audited and differences found, how are they communicated to members?

Differences found during society audits are communicated to members through audit reports and general body meetings.

If our society was audited and differences found, how are they communicated to members?

Differences found during society audits are communicated to members through audit reports and general body meetings.

Can members suggest items to be checked during the audit?

Yes, members can suggest items to be checked during the audit.

Can members suggest items to be checked during the audit?

Yes, members can suggest items to be checked during the audit.

Can members suggest items to be checked during the audit?

Yes, members can suggest items to be checked during the audit.

Are committee members personally liable for errors in accounts?

Yes, committee members can be personally liable for errors in accounts.

Are committee members personally liable for errors in accounts?

Yes, committee members can be personally liable for errors in accounts.

Are committee members personally liable for errors in accounts?

Yes, committee members can be personally liable for errors in accounts.

How often should the society verify inventory (common consumables) if any?

The society should verify inventory, including common consumables, at least once a year.

How often should the society verify inventory (common consumables) if any?

The society should verify inventory, including common consumables, at least once a year.

How often should the society verify inventory (common consumables) if any?

The society should verify inventory, including common consumables, at least once a year.

Does the society need to prepare consolidated financial statements if it has branches or units?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, 1965, a society with branches or units is required to prepare consolidated financial statements.

Does the society need to prepare consolidated financial statements if it has branches or units?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, 1965, a society with branches or units is required to prepare consolidated financial statements.

Does the society need to prepare consolidated financial statements if it has branches or units?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, 1965, a society with branches or units is required to prepare consolidated financial statements.

If the audit report is adverse, does it invalidate the budget or decisions of that year?

No, an adverse audit report does not automatically invalidate the budget or decisions of that year.

If the audit report is adverse, does it invalidate the budget or decisions of that year?

No, an adverse audit report does not automatically invalidate the budget or decisions of that year.

If the audit report is adverse, does it invalidate the budget or decisions of that year?

No, an adverse audit report does not automatically invalidate the budget or decisions of that year.

Are electronic records (emails, PDFs) considered valid society records?

Yes, electronic records such as emails and PDFs are considered valid society records under the Gujarat Cooperative Societies Act, 1961.

Are electronic records (emails, PDFs) considered valid society records?

Yes, electronic records such as emails and PDFs are considered valid society records under the Gujarat Cooperative Societies Act, 1961.

Are electronic records (emails, PDFs) considered valid society records?

Yes, electronic records such as emails and PDFs are considered valid society records under the Gujarat Cooperative Societies Act, 1961.

What happens if a society fails to prepare any accounts at all for a year?

If a society fails to prepare any accounts for a year, it can lead to serious consequences under the Gujarat Cooperative Societies Act, 1961.

What happens if a society fails to prepare any accounts at all for a year?

If a society fails to prepare any accounts for a year, it can lead to serious consequences under the Gujarat Cooperative Societies Act, 1961.

What happens if a society fails to prepare any accounts at all for a year?

If a society fails to prepare any accounts for a year, it can lead to serious consequences under the Gujarat Cooperative Societies Act, 1961.

Can society convert to an all-electronic accounting system as per new rules?

Yes, a society can convert to an all-electronic accounting system as per the new rules.

Can society convert to an all-electronic accounting system as per new rules?

Yes, a society can convert to an all-electronic accounting system as per the new rules.

Can society convert to an all-electronic accounting system as per new rules?

Yes, a society can convert to an all-electronic accounting system as per the new rules.

If the society sells a flat or asset, how must that transaction appear in the audit?

When a society sells a flat or asset, the transaction must be properly recorded in the audit.

If the society sells a flat or asset, how must that transaction appear in the audit?

When a society sells a flat or asset, the transaction must be properly recorded in the audit.

If the society sells a flat or asset, how must that transaction appear in the audit?

When a society sells a flat or asset, the transaction must be properly recorded in the audit.

How should the society treat recovery of old dues in the accounts?

The society should treat the recovery of old dues in the accounts by following the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

How should the society treat recovery of old dues in the accounts?

The society should treat the recovery of old dues in the accounts by following the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

How should the society treat recovery of old dues in the accounts?

The society should treat the recovery of old dues in the accounts by following the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

Can a society keep a part of surplus in a contingency or special fund beyond reserves?

Yes, a society can keep a part of surplus in a contingency or special fund beyond reserves.

Can a society keep a part of surplus in a contingency or special fund beyond reserves?

Yes, a society can keep a part of surplus in a contingency or special fund beyond reserves.

Can a society keep a part of surplus in a contingency or special fund beyond reserves?

Yes, a society can keep a part of surplus in a contingency or special fund beyond reserves.

Are audit reports or minutes from the registrar’s inquiries made available to members?

Yes, audit reports and minutes from the registrar's inquiries are made available to members.

Are audit reports or minutes from the registrar’s inquiries made available to members?

Yes, audit reports and minutes from the registrar's inquiries are made available to members.

Are audit reports or minutes from the registrar’s inquiries made available to members?

Yes, audit reports and minutes from the registrar's inquiries are made available to members.

What protection do members have if the society’s accounts are fudged by officials?

Members have protection under Section 73 of the Gujarat Cooperative Societies Act, 1961 if the society's accounts are fudged by officials.

What protection do members have if the society’s accounts are fudged by officials?

Members have protection under Section 73 of the Gujarat Cooperative Societies Act, 1961 if the society's accounts are fudged by officials.

What protection do members have if the society’s accounts are fudged by officials?

Members have protection under Section 73 of the Gujarat Cooperative Societies Act, 1961 if the society's accounts are fudged by officials.

If members find discrepancies after the AGM, can they demand a supplementary audit?

Yes, members can demand a supplementary audit if they find discrepancies after the AGM.

If members find discrepancies after the AGM, can they demand a supplementary audit?

Yes, members can demand a supplementary audit if they find discrepancies after the AGM.

If members find discrepancies after the AGM, can they demand a supplementary audit?

Yes, members can demand a supplementary audit if they find discrepancies after the AGM.

Are there any changes in audit procedure in recent Gujarat amendments we should know?

Yes, there have been changes in the audit procedure as per recent amendments in Gujarat.

Are there any changes in audit procedure in recent Gujarat amendments we should know?

Yes, there have been changes in the audit procedure as per recent amendments in Gujarat.

Are there any changes in audit procedure in recent Gujarat amendments we should know?

Yes, there have been changes in the audit procedure as per recent amendments in Gujarat.

Does the society’s auditor have to be licensed specifically for societies, or any CA suffices?

The society's auditor must be licensed specifically for societies.

Does the society’s auditor have to be licensed specifically for societies, or any CA suffices?

The society's auditor must be licensed specifically for societies.

Does the society’s auditor have to be licensed specifically for societies, or any CA suffices?

The society's auditor must be licensed specifically for societies.

If society collects donations or grants, how are those treated in the audit?

Donations or grants collected by a society are typically treated as income and should be properly accounted for in the audit.

If society collects donations or grants, how are those treated in the audit?

Donations or grants collected by a society are typically treated as income and should be properly accounted for in the audit.

If society collects donations or grants, how are those treated in the audit?

Donations or grants collected by a society are typically treated as income and should be properly accounted for in the audit.

Can the society sell scrap or old equipment, and how must that be recorded?

Yes, a cooperative society can sell scrap or old equipment, and it must be recorded properly.

Can the society sell scrap or old equipment, and how must that be recorded?

Yes, a cooperative society can sell scrap or old equipment, and it must be recorded properly.

Can the society sell scrap or old equipment, and how must that be recorded?

Yes, a cooperative society can sell scrap or old equipment, and it must be recorded properly.

If cash transactions exceed a threshold, must the society report them (e.g., to tax authorities)?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, 1965, if cash transactions exceed a certain threshold, the society must report them to the concerned authorities.

If cash transactions exceed a threshold, must the society report them (e.g., to tax authorities)?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, 1965, if cash transactions exceed a certain threshold, the society must report them to the concerned authorities.

If cash transactions exceed a threshold, must the society report them (e.g., to tax authorities)?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, 1965, if cash transactions exceed a certain threshold, the society must report them to the concerned authorities.

Can an audit report be revisited (like correcting an error) after being adopted?

Yes, an audit report can be revisited to correct errors after being adopted.

Can an audit report be revisited (like correcting an error) after being adopted?

Yes, an audit report can be revisited to correct errors after being adopted.

Can an audit report be revisited (like correcting an error) after being adopted?

Yes, an audit report can be revisited to correct errors after being adopted.

How is the depreciation of common assets handled in society accounts?

Depreciation of common assets in society accounts is handled as per the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

How is the depreciation of common assets handled in society accounts?

Depreciation of common assets in society accounts is handled as per the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

How is the depreciation of common assets handled in society accounts?

Depreciation of common assets in society accounts is handled as per the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

Are societies mandated to hold an internal controls meeting (like with auditor) annually?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, societies are mandated to hold an internal controls meeting annually.

Are societies mandated to hold an internal controls meeting (like with auditor) annually?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, societies are mandated to hold an internal controls meeting annually.

Are societies mandated to hold an internal controls meeting (like with auditor) annually?

Yes, as per the Gujarat Cooperative Societies Act, 1961 and Rules, societies are mandated to hold an internal controls meeting annually.

Do committee meeting minutes need to be signed and circulated like AGM minutes?

Yes, committee meeting minutes need to be signed and circulated like AGM (Annual General Meeting) minutes.

Do committee meeting minutes need to be signed and circulated like AGM minutes?

Yes, committee meeting minutes need to be signed and circulated like AGM (Annual General Meeting) minutes.

Do committee meeting minutes need to be signed and circulated like AGM minutes?

Yes, committee meeting minutes need to be signed and circulated like AGM (Annual General Meeting) minutes.

Can members request copies of meeting minutes under any law? (Usually a by-law matter)

Yes, members can request copies of meeting minutes under the Gujarat Cooperative Societies Act, 1961.

Can members request copies of meeting minutes under any law? (Usually a by-law matter)

Yes, members can request copies of meeting minutes under the Gujarat Cooperative Societies Act, 1961.

Can members request copies of meeting minutes under any law? (Usually a by-law matter)

Yes, members can request copies of meeting minutes under the Gujarat Cooperative Societies Act, 1961.

If an AGM approves a budget, does that fix the maintenance spending for the year?

No, the approval of a budget at an Annual General Meeting (AGM) does not necessarily fix the maintenance spending for the year.

If an AGM approves a budget, does that fix the maintenance spending for the year?

No, the approval of a budget at an Annual General Meeting (AGM) does not necessarily fix the maintenance spending for the year.

If an AGM approves a budget, does that fix the maintenance spending for the year?

No, the approval of a budget at an Annual General Meeting (AGM) does not necessarily fix the maintenance spending for the year.

How does the society calculate and report income (if any) that is not maintenance (e.g., service charges)?

The society calculates and reports income that is not maintenance by following the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

How does the society calculate and report income (if any) that is not maintenance (e.g., service charges)?

The society calculates and reports income that is not maintenance by following the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

How does the society calculate and report income (if any) that is not maintenance (e.g., service charges)?

The society calculates and reports income that is not maintenance by following the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

Are societies required to follow any specific accounting standards or can they use simple cash basis?

Societies are required to follow specific accounting standards as per the Gujarat Cooperative Societies Act, 1961 and Gujarat Cooperative Societies Rules, 1965.

Are societies required to follow any specific accounting standards or can they use simple cash basis?

Societies are required to follow specific accounting standards as per the Gujarat Cooperative Societies Act, 1961 and Gujarat Cooperative Societies Rules, 1965.

Are societies required to follow any specific accounting standards or can they use simple cash basis?

Societies are required to follow specific accounting standards as per the Gujarat Cooperative Societies Act, 1961 and Gujarat Cooperative Societies Rules, 1965.

If a society has subsidiaries or trusts, how are their accounts consolidated or reported?

The accounts of subsidiaries or trusts of a society are consolidated or reported as per the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

If a society has subsidiaries or trusts, how are their accounts consolidated or reported?

The accounts of subsidiaries or trusts of a society are consolidated or reported as per the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

If a society has subsidiaries or trusts, how are their accounts consolidated or reported?

The accounts of subsidiaries or trusts of a society are consolidated or reported as per the provisions of the Gujarat Cooperative Societies Act, 1961 and the Gujarat Cooperative Societies Rules, 1965.

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Maintenance and Utility Disputes

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All Categories

Membership and Voting Rights

Maintenance and Utility Disputes

Builder Delays and RERA Complaints

Redevelopment and Structural Repairs

Society Elections and Committee Roles

Documentation, Records, and Audits

Tenancy, PG, and Use of Premises

Parking, Common Areas, and By-Laws

Legal Remedies and Registrar Complaints