Who can be the Auditor of a Co-operative Housing Society? - (Maharashtra)

1) The Maharashtra Co-op. Societies Act, 1960 (MCS Act) – having 167 sections effective from 26/1/1962 and The Maharashtra Co-op. Societies Rules, 1961 – having 110 rules effective from 23/12/1963.

or

The Co-operative Societies Act and Rules of the respective state in which the society is registered (Bihar-1935, Orissa-1935, Assam-1950, Karnataka-1959, Madhya Pradesh-1961, Tamil Nadu-1961, Gujarat-1962, Andhra Pradesh-1964, Rajasthan-1965, Kerala-1969, Himachal Pradesh-1971, Delhi-1972, West Bengal-1973).

or

The Co-operative Societies Act, 1912 and Rules

The Multi-State Co-op. Societies Act, 2002 and Rules (applicable to all societies whose objects are not confined to one state).

2) The Income Tax Act, 1961 and Rules.

3) The Service Tax Act and Rules

4) The Bombay Stamp Act

or

The Indian Stamp Act

5) The Indian Contract Act 1872, Transfer of Property Act 1882 & Sale of Goods Act 1930.

6) Law of Limitation.

7) Circulars, Notifications and directives issued from time to time by the respective departments of co-operation.

8 ) Byelaws of the Society.

9) Accounting Standards – Policies & Guidelines