Co-operatives Act, 2005 (Act No. 14 of 2005)Chapter 7 : Audited Reports and Independent Reviewed Reports of Co-operatives52. Attendance of meeting by auditor or independent reviewer |
[Section 52 heading substituted by section 40(a) of Notice No. 558, GG 36729, dated 5 August 2013]
| (1) | The auditor or independent reviewer of a co-operative is entitled— |
[Words preceding section 52(1)(a) substituted by section 40(b) of Notice No. 558, GG 36729, dated 5 August 2013]
| (a) | to be given notice of any general meeting at which a report of the auditor or independent reviewer is to be discussed; |
[Section 52(1)(a) substituted by section 40(c) of Notice No. 558, GG 36729, dated 5 August 2013]
| (b) | to attend such a meeting, at the expense of the co-operative; and |
| (c) | to address the meeting on matters relating to the auditor’s or independent reviewer's duties. |
[Section 52(1)(c) substituted by section 40(d) of Notice No. 558, GG 36729, dated 5 August 2013]
| (2) | A director or member of a co-operative may require the auditor, former auditor, independent reviewer or former independent reviewer to attend a general meeting at the expense of the co-operative and answer questions relating to their duties as auditor or independent reviewer: Provided that the auditor, former auditor, independent reviewer or former independent reviewer is given at least 10 days prior written notice of such meeting. |
[Section 52(2) substituted by section 40(e) of Notice No. 558, GG 36729, dated 5 August 2013]
| (3) | A director or member who sends a notice referred to in subsection (2) must send a copy of the notice to the co-operative at the same time. |