Restrictions on Registrar’s powers to appoint auditor of large co-operative
306 Restrictions on Registrar’s powers to appoint auditor of large co-operative
The Registrar may appoint an individual, firm or company as auditor of a co-operative under section 304 or 305 only if the individual, firm or company consents to being appointed.
The Registrar must not appoint an auditor of a co-operative under section 304 or 305 if—
there is another auditor of the co-operative (the continuing auditor); and
the Registrar is satisfied that the continuing auditor is able to carry out the responsibilities of auditor alone; and
the continuing auditor agrees to continue as auditor.
The Registrar must not appoint an auditor of a co-operative under section 304 or 305 if—
the co-operative does not give the Registrar the notice required by section 304 (2) before the end of the notification period; and
the Registrar has already appointed an auditor of the co-operative under section 304 after the end of the notification period.
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