State Act

THE KARNATAKA CO-OPERATIVE SOCIETIES ACT, 1959.

68. Order by the Registrar.- 2[(1)]2 6[The Registrar shall]6 make an order directing the co-operative society or its 1[office bearers]1 to take such action as may be specified in the order within the time mentioned therein to 4[rectify the defects and remedy the irregularities]4 disclosed 7[in the audit report under section 63 or]7 in 5[XXX]5 the inquiry under section 64 or inspection under section 65 3[and 65B]3 . 1[(2) A report about rectification of defects by the co-operative society shall be sent by the *board* of such society periodically till all such defects are rectified to the Registrar, the credit agency and the financial Bank, and where the defects were pointed out in the audit, to the Director of Co-operative Audit. (3) When the Registrar makes an order under sub-section (1) to remedy the defects disclosed in the inquiry or inspection, he shall send a copy of the order alongwith the result of the inquiry or inspection as the case may be, to the Director of Co-operative Audit 2[who shall inform the society auditor or auditing firm auditing the accounts of the society for incorporation]2 such results in the next audit report and financial statements wherever necessary.]1 1[Explanation: x x x]1