Section 74 of The Multi-State Co-operative Societies Act, 2002 in hindi
Only the person appointed as an auditor of the multi-State cooperative society shall sign the auditor's report, or sign or authenticate any other document of the multiState co-operative society required by law to be signed or authenticated by the auditor.
Summary
- Only the person who is officially appointed as the auditor of the cooperative has the authority to sign the auditor's report.
- The appointed auditor is the sole person who can sign or authenticate any other document of the cooperative that is legally required to be signed or authenticated by its auditor.
Practical examples
FAQ
1. Who is authorized to sign the audit report under Section 74 of the Multi-State Co-operative Societies Act, 2002?
Under Section 74 of the Multi-State Co-operative Societies Act, 2002, only the person who is officially appointed as the auditor of the cooperative has the legal authority to sign the audit report.
2. Can an audit assistant or senior partner sign the report on behalf of the appointed auditor under Section 74 of the Multi-State Co-operative Societies Act, 2002?
No, under Section 74 of the Multi-State Co-operative Societies Act, 2002, only the specific individual appointed as the auditor can sign or authenticate the documents, and they cannot delegate this duty.
3. Which documents fall under the signature rules of Section 74 of the Multi-State Co-operative Societies Act, 2002?
Under Section 74 of the Multi-State Co-operative Societies Act, 2002, the signature requirement applies to the auditor's report and any other cooperative document required by law to be signed or authenticated by the auditor.
Test yourself
Q1.Under Section 74 of The Multi-State Co-operative Societies Act, 2002, who is legally permitted to sign the final auditor's report?
Q2.Under Section 74 of The Multi-State Co-operative Societies Act, 2002, what other documents must be signed or authenticated exclusively by the appointed auditor?
Q3.Under Section 74 of The Multi-State Co-operative Societies Act, 2002, if an auditor is appointed under the law, can they authorize a junior partner to sign the audit report?
Q4.Under The Multi-State Co-operative Societies Act, 2002, how does Section 74 interact with an audit report produced under the concurrent audit provisions of Section 70A?