(1) The Central Registrar may, on a request from a federal cooperative to which a multi state cooperative society is affiliated or a creditor or not less than one third of the total members of the board or not less than one fifth of total number of members of a multi state cooperative society hold an inquiry or direct some person authorised by him by order in writing in this behalf to hold an inquiry into the constitution, working and financial condition of a multi-state co- operative society: Provided that no inquiry under this sub-section shall be held unless a notice of not less those fifteen days has been given to the cooperative society. (7) The Central Registrar or the person authorized by him under (1) shall have the following powers, namely (a) he shall at all reasonable times have free access to the books, accounts, documents, securities, cash and other properties belonging to or in the custody of the multi state cooperative societies and may summon any person in possession or responsible for the custody of any such books, accounts, documents, securities, cash or other properties to produce the same, at any place specified by him;

(1) Every multi-state co-operative society shall cause to be audited by an auditor referred to in sub-section (2), its accounts at least once in each year. (2) Every multi state co-operative society shall, at each annual general meeting, appoint an auditor or auditors to hold office from the conclusion of that meeting until the conclusion of the next annual general meeting and shall, within seven days of the appointment, give intimation thereof to every auditor so appointed: Provided that such auditor or auditors may be appointed from a panel of auditors approved by the Central Registrar or from a panel of auditors, if any, prepared by the multi state co-operative society. (3) Every auditor appointed under sub-section (1) shall, within thirty days of the receipt from the application for registration of multi state cooperative society of the intimation of his appointment, inform the Central Registrar in writing that he has accepted, or refused to accept, the appointment. (4) A retiring auditor shall be re-appointed unless:- (a) He is not qualified for re-appointment; (b) He has given the multi state co-operative society a notice in writing of his unwillingness to be re-appointed; (c) a resolution has been passed at the general meeting of members appointing somebody instead of him or providing expressly that he shall not be re-appointed; or (d) Where notice has been given of an intended resolution to appoint some person or persons in the place of a retiring auditor, and by reason of the death, incapacity or disqualification of that person or all those persons, as the case may be, the resolution cannot be proceeded with. (5) Where at an annual general meeting no auditors are appointed or re-appointed, the Central Registrar may appoint a person to fill the vacancy. (6) First auditor or auditors of a multi state co-operative society shall be appointed by the board within one month of the date of registration of such society and the auditor or auditors so appointed shall hold office until the conclusion of the first annual general meeting.