AUDITORS

a] Save as provided in sub-clauses (2) (3) (4) &(5) of this regulations, the annual audit of the account of any registered Trade Union shall be conducted by an auditor authorized to audit the accounts of companies under section 144(1) of the Indian Companies Act,1913 or under section 3(2) of the Indian Companies Act, 1930.

b] Where the membership of the Trade Union did not at any time during the financial year exceed 2,500, the annual audit of the accounts may be conducted.

i) By any local fund auditor appointed by the [State] Government; or

ii) By any examiner of the local fund accounts.

iii) By the person, who having, held an appointment under Government in any audit or accounts department, is in receipt of a pension of not less than Rs 200 per mensem.

Leave a comment