Restrictions on Registrar’s powers to appoint auditor of large co‑operative
244ZS 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 244ZQ or 244ZR only if the individual, firm or company consents to being appointed.
The Registrar must not appoint an auditor of a co‑operative under section 244ZQ or 244ZR 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 244ZQ or 244ZR if —
the co‑operative does not give the Registrar the notice required by section 244ZQ(2) before the end of the notification period; and
the Registrar has already appointed an auditor of the co‑operative under section 244ZQ after the end of the notification period.
[Section 244ZS inserted: No. 7 of 2016 s. 85.]
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