Question

Who are all exempted from payment of Audit fees as per Kerala Cooperative Societies Act , 1969 ?

1. Any society for first two years of audit irrespective of date of commencement of business
2. All social welfare and farming societies who don't accept deposits and grant loans/advances
3. All Cooperative Societies of which all or majority of members are belonging to SC/ST except Apex Cooperative Society
4. Any Weavers Society until it has completed sixth Cooperative Year after its commencement of business
5. Vanitha Cooperative Societies

• A. 2, 4
• B. 4 only
• C. 3, 5
• D. 1 only

Answer 1

Answer:

A. 2, 4

• All exempted from payment of Audit fees as per Kerala Cooperatives Societies Act , 1969 :

1. All social welfare and farming societies who don't accept deposits and grant loans/advances

2. Any Weavers Society until it has completed sixth Cooperative Year after its commencement of business