MCS ACT 1960 ORDINANCE DTD 28/10/2020 FOR EXTENSION OF AUDIT AND AGM DATE

 MCS, ACT, 1960 - ORDINANCES DATED 28.10.2020 - FOR YEAR 2019-2020 - AUDIT COMPLIANCE DATE 31.12.2020 & AGM CONDUCTING DATE 31.03.2021 - AMENDMENT TO SECTION 27, 75 & 81.

Summary of the Ordinance is as below:

a) for the financial year 2019-2020, the society may get its books of accounts audited within nine months from the close of its financial year and call the annual General body meeting within twelve months from the close of its financial year.”;

b) in the existing proviso, for the words “Provided that,” the words “Provided further that,” shall be substituted.

c) for the financial year 2019-2020, the society shall cause its audit to be 

completed within a period of nine months from the close of the financial year 2019-2020.

For more details, please go through the attached ordinance dated  28th October’2020.

Accordingly, the coop societies in MH shall  get it's accounts audited for fy 2019-20 on or before 31st Dec.2020 as against 31st July 2020 .

The AGM for fy 2019-20 shall  be conducted on or before 31st March 2021 as against 30.09.2020.

The existing committee is deemed to have continued till the regular elections of new committee where Elections to the societies could not be conducted for the reasons beyond the control of the societies .