Chartered Accountant · ICAI M.No. 153926 · FRN 136869W · Reviewed on 9 October 2026
The appointment mechanics
At each AGM the members resolve the auditor’s appointment for the coming year, choosing a name from the government panel (empanelled CAs and certified auditors). The society then files the intimation with the Registrar — in practice within a month, through the online co-operative portal. Miss the AGM appointment and the Registrar gains the power to appoint one for you, on the society’s account.
The three-year rotation and independence
Post the 97th-Amendment framework, an auditor serves at most three consecutive years for the same society — rotation is the rule, familiarity is the risk it manages. Committee members’ relatives or persons with interest in society contracts should never hold the appointment, however convenient.
What the committee should actually brief the auditor on
Pending member disputes, large repair contracts awarded in the year, sinking-fund investments and any Registrar correspondence — surfacing these early is the difference between an audit that finishes by 31 July and one that drags past the AGM deadline. The audit classification (A/B/C/D) the auditor awards follows the society into bank and redevelopment conversations. Our audit practice holds panel empanelment and runs society audits on exactly this calendar.