Andhra Pradesh Government issues amendment in the Andhra Pradesh Co-operative Societies Rules, 1964

Jun 28, 2021 | by Avantis RegTech Legal Research Team

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Industry Specific Compliance

The Agriculture and Cooperation Department, Andhra Pradesh on June 24, 2021 has issued amendment in the Andhra Pradesh Co-operative Societies Rules, 1964. 

The Amendment in the Andhra Pradesh Co-operative Societies Rules, 1964 are as follow: -

• In Rule 45 (2) (e) which specifies “Proof of payment of Professional Tax as required under AP Tax on Professions, Trade, Callings and Employments Act (TPTC &E) 1987 by the society, if liable”, has been inserted. 

• In Rule 45 (5) (i) which specifies “The Chief Auditor or the authorised person shall verify or cause to be verified the statements and returns so furnished and issued or cause to be issued an audit certificate within three months which shall contain among other things, the following particulars”, has been substituted. 

• In Rule 75 (12) which specifies “Rule 45 is inapplicable to Cooperative Credit Societies. They shall present such returns and accounts to auditor as are prescribed by Reserve Bank of India/National Bank for Agriculture and Rural Development and the auditor shall issue audit certificate as per the guidelines prescribed by Reserve Bank of India/National Bank for Agriculture and Rural Development”, has been substituted. 

[Notification No- 313]

 

 

 

 

 


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