Question

Audit certificate is issued under which section of KCS Act

• A. Sec 62 (5)
• B. Sec 61 (7)
• C. Sec 63 (6)
• D. Sec 64 (8)

Answer 1

Answer:

C. Sec 63 (6)

AUDIT

• Sec 63 DCA 

• Sec 63 (1) - Appointment  of DCA

• Sec 63 (2) - Qualification of DCA

• Sec 63 (3) - Delegation

• Sec 63 (4) - Duty of MC - Atleast once every quarter

• Sec 63 (5)- Audit Manual 

• Sec 63 (5A) - Revise Audit Manual

• Sec 63 (6) - Audit certificate 

• Sec 63 (7) - DCA under control of RCS

• Sec 63 (8) - Auditor Qualification & 

• Rule 64 (A) - experience

• Sec 63 (11) - Apex society audit report legislative assembly

• Sec 63 (12) - Responsibility of MC to convince special general body meeting or general body meeting to appoint auditor or auditing firm

• Sec 63 (12A) - No auditor or auditing firms or team of auditor entrusted with cooperative society 

• Sec 63 (9) - Amend Team Auditor 

• Sec 63 (10) Apex or UCB - Audit firm