Co-operatives Act, 2005 (Act No. 14 of 2005)Chapter 7 : Audited Reports and Independent Reviewed Reports of Co-operatives47. Audited report |
| (1) | The following co-operatives must produce an audited report to the registrar in respect of each financial year: |
| (a) | Category C primary co-operatives; |
| (c) | Tertiary co-operatives; and |
| (d) | The national apex co-operative. |
| (2) | Category B primary co-operatives must produce an independent reviewed report to the registrar in respect of each financial year. |
| (3) | Category A primary co-operatives must produce an annual report which report does not have to be audited or independently reviewed, to the registrar in respect of each financial year, signed by the directors of the co-operative. |
| (4) | The Minister must, within three months after the commencement of the Co-operatives Amendment Act, 2013, by notice in the Gazette publish a co-operative reporting system framework. |
[Section 47 substituted by section 35 of Notice No. 558, GG 36729, dated 5 August 2013]