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Co-operative Audit and Supervision Act, 1982 (No. 15 of 1982).

Country/Territory
United Republic of Tanzania
Document type
Legislation
Date
1982
Source
FAO, FAOLEX
Long title
An Act to establish Co-operative Audit and Supervision Corporation to provide for its functions and to provide for matters related to audit, supervision and inspection of books of accounts of co-operative societies.
Subject
Agricultural & rural development
Keyword
Agricultural development Cooperative/producer organization Institution Inspection
Geographical area
Africa, Eastern Africa, Least Developed Countries
Abstract

This Act provides for the establishment of the Co-operative Audit and Supervision Corporation as a body corporate and defines its functions and powers. The functions of the Corporation shall include: (a) to provide audit and supervision services to co-operative societies; (b) to give advice on audit and accounting procedures and to formulate audit and accounting policy for adoption by such societies. The Corporation shall, if required by any written direction of the Minister or Registrar, so to do, provide its services upon such terms and conditions as may be specified in such direction, to any person or body of persons whether corporate or unincorporated. The Director shall audit or cause to be audited by some person authorized by him or her or by general or specified order in writing the accounts of every registered primary society, secondary society and the apex organization once a year. The Director shall also carry out inspections at the direction of the Registrar of Co-operative Societies, who may decide such inspection of his/her own motion, or on the application of majority of the members of a committee or not less than one-third of the members of a co-operative.

Full text
English
Website
www.parliament.go.tz

References - Legislation

Amended by

Co-operative Audit and Supervision (Amendment) Act, 2005 (No. 9 of 2005).

Legislation | United Republic of Tanzania | 2005

Keyword: Agricultural development, Cooperative/producer organization, Institution, Inspection

Source: FAO, FAOLEX