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Audit Regulations and Irregularities in Multi-State Cooperative Societies

Official Press

18 Mar 2026

The Ministry of Cooperation, in adherence to the Multi-State Cooperative Societies Act, 2002, mandates all multi-State cooperative societies to appoint auditors annually from a panel approved by the Central Registrar. These auditors must submit their reports within six months of the financial year ending. Auditor qualifications are specified under the Chartered Accountants Act, 1949. The Ministry's audits revealed several irregularities, leading to the initiation of winding-up proceedings in severe cases. Overall, 555 societies were audited in the fiscal year 2024-2025.

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Prime Minister Appoints New Members to NITI Aayog

Prime Minister Narendra Modi congratulated Dr. R. Balasubramaniam and Dr. Joram Aniya on their appointments as Full-time Members of NITI Aayog. The Prime Minister highlighted their experience and understanding of various issues as assets to enhancing policymaking, fostering innovation, and stimulating growth across sectors. Modi expressed his expectation of their

Operation Sindoor: A Golden Chapter in India's Military History

At the 'Shaurya' event in New Delhi, Raksha Mantri Rajnath Singh honored the Indian Defence Forces, celebrating the anniversary of Operation Sindoor. The event emphasized the valor of the forces, their humanitarian efforts, and the importance of art in complementing military strength. Source: Original Link

Prime Minister Celebrates Inauguration of Sacred Exposition in Leh

Prime Minister Narendra Modi expressed joy over opening the ‘Sacred Exposition of the Holy Relics of the Tathagata’ in Leh on Buddha Purnima. The exposition features relics excavated from the Piprahwa Stupa in Kapilavastu during the late nineteenth century, showcasing the spiritual legacy of Lord Buddha. Running until May 14

IIFT Celebrates 63rd Foundation Day with Union Minister's Accolades

The Indian Institute of Foreign Trade (IIFT) marked its 63rd Foundation Day, with Union Minister Piyush Goyal acknowledging its contributions to India's trade policy. The institute was praised for its extensive impact through education, research, and policy across its campuses in New Delhi, Kolkata, Kakinada, and GIFT City.

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Prime Minister Appoints New Members to NITI Aayog

Operation Sindoor: A Golden Chapter in India's Military History

Prime Minister Celebrates Inauguration of Sacred Exposition in Leh

IIFT Celebrates 63rd Foundation Day with Union Minister's Accolades