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Pune: More than half of city’s housing societies yet to file audit reports

The audit reports have to be either uploaded on the department of cooperatives website or a hard copy is to be submitted at the office of DDR.

Written by Partha Sarathi Biswas | Pune |
October 6, 2016 12:40:46 am

Only 43 per cent of the housing cooperative societies in operation in Pune city have so far submitted their mandatory audit reports to the office of the deputy district registrar (DDR), the deadline for which was September 30.  Of these 18,302 cooperative societies, 15,545 are housing societies.

As per the 97th Constitutional amendment, cooperative bodies have to get themselves audited by either a government auditor or a chartered account from the list of empanelled auditors of the state government. Pune has 954 such empanelled auditors. The audit reports have to be either uploaded on the department of cooperatives website or a hard copy is to be submitted at the office of DDR.

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Anand Katke, DDR Pune, said criminal action would be taken against the executive bodies and directors of the societies if they failed to submit audit reports. Of the 16,445 societies which have to submit such reports, only 7,100 have complied so far. A majority of the defaulters are cooperative housing societies in Pune.

Officials at the DDR office said they had issued directions through the assistant registrar’s offices to the societies to submit their reports. “We received some complaints about technical glitches in the website. In such cases, we have asked them to submit hard copies of their audits,” said an official. Mandatory audits of housing societies, officials say, helps detect cases of financial fraud committed by executive members. Housing societies have to take the permission of the general body to appoint auditors and get themselves audited every year.

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