Inspection of books of accounts in Multi State Cooperative Society
(1) The books of account and other books and papers of every Multi state cooperative societies shall be open to inspection during business hours
(i) by the Central Registrar; or
(ii) by such officer of the Government as may be authorized by the Central Government in this behalf: Provided that such inspection may be made without giving any previous notice to that society or any officer thereof;
(iii) by the members of the multi state cooperative societies.
(2) It shall be the duty of every director, other officer or employee of the multi state society to produce to the person making inspection under sub-section (1), all such books of affairs of such society as the said person may require of him within such time and at such place as he may specify.
(a) in the case of minutes of proceedings of a meeting of the board or of a committee thereof, by the chairperson of the said meeting or the chairperson of the next succeeding meeting
(3) It shall also be the duty of every director, other officer or employee of the Multi state cooperative society to give to the person making inspection under this section all assistance in connection with the inspection which the multi State Cooperative Society may be reasonably expected to give.
(4) The person making the inspection under this section may, during the course of inspection-
(i) make or cause to be made copies of books of account and other books and papers, or
(ii) place or cause to be placed any marks or identification thereon in token of the inspection having been made in cooperative society.
(5) Notwithstanding anything contained in any other law for the time being in force or any contract to the contrary, the Central Registrar or an officer authorized under clause (ii) of sub-section (1), making an inspection under this section shall have the same powers as are vested in a civil court under the Code of Civil Procedure, 1908 (5 of 1908), while trying a suit, in respect of the following matters, namely:-
(i) the discovery and production of books of account and other documents, at such place and such time as may be specified by such person;
(ii) summoning and enforcing the attendance of persons and examining them on oath;
(iii) inspection of any books, register and other documents of the multi state cooperative societies at any place.
(6) Where an inspection of the books of account and other books and papers of the multi state cooperative society has been made under this section, the Central Registrar or an officer authorized under clause (ii) of sub-section (1), making the Inspection of Books of Indebted Multi state cooperative societies shall make a report to the Central Government.