State Act

THE KARNATAKA SOUHARDA SAHAKARI ACT, 1997

63. Accounts.- The Federal Co-operative shall maintain the following records and books of accounts, namely:- (a) the minutes book; (b) registration certificate and a copy of the registered bye-laws and of the amendments registered from time to time; (c) bye-laws of the Federal Co-operative and of each of its member Co-operatives with upto date amendments; (d) accounts of all sums of money received and expended by the Federal Co-operative and the respective purposes; (e) accounts of all purchases and sales of goods by the Federal Co-operative; (f) accounts of the assets and liabilities of the member Co-operatives and the Federal Co-operative; (g) a register showing total membership and the memberwise use of various services; (h) a list of members with voting rights for the current year updated within thirty days of 1[closure of the cooperative year]1 (i) up-to-date copies of the Board resolutions; and (j) annual report and audit report.