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Office of The
Registrar Cooperative Societies (Delhi Admn.)
Court's Building, Parliament Street,
No. F-101/35/Misc/A udit/84/Coop./1700 Dated : 15.11.1985
In pursuance of the powers conferred under Rule 85 of the Delhi Cooperative Societ’es Rules, 1973 and in suppression of previous orders I, Sanat Kaul, Registrar, Cooperative Societies, Delhi do hereby lay down the following scales of Audit fee payable to Chartered Accountants and Departmental Auditors in respect of Cooperative Societies Registered under the Delhi Cooperative Societies Act, 1972.
Audit fee norms in respect of Urban Cooperative T/C Societies and Banks:
For first five lakhs WIG Rs. 1.00 per thousand
Next ten Iakhs WIG Rs. 0.75 per thousand
Next fifteen Iakhs WIG Rs. 0.50 per thousand
Next twenty lakhs WIG Rs. 0.35 per thousand
Next fifty lakhs WIG Rs. 0.25 per thousand
Next remaining balance of WIG Rs. 0.10 per thousand
Audit fee norms in respect of Consumers Cooperative Stores:
For first five lakhs sales Rs. 1.00 per thousand
Next ten lakhs sales Rs. 0.75 per thousand
Next fifteen Iakhs sales Rs. 0.50 per thousand
Next twenty Iakhs sales Rs. 0.35 per thousand
Next fifty Iakhs sales Rs. 0.25 per thousand
Next remaining balance sales Rs. 0.10 per thousand
‘Audit fee norms in respect of other remaining Societies such as WB, Industrial Agricultural Credit and Non-Credit Societies, etc.
For first five lakhs turnover Rs. 1 .00 per thousand
Next ten Iakhs turnover Rs. 0.75 per thousand
Next fifteen Iakhs turnover Rs. 0.50 per thousand
Next twenty Iakhs turnover Rs. 0.35 per thousand
Next fifty lakhs turnover Rs. 0.25 per thousand
For remaining balance of turnover Rs. 0.10 per thousand
The minimum audit fee shall be Rs. 5001- for all types of Societies. The above Rates of audit fee are also applicable for apex and Big Institutions, besides:
i) Rs. 1001-minimum and Rs. 5001- maximum will be paid for each Branch.
ii)However 33% of the annual audit fee shall also be paid in those cases where concurrent audit allotted and conducted by the auditors.
iii)Subject to the maximum limit of Rs. 50,000/-
Turnover : It means the total receipt or total disbursement of the year whichever is higher after excluding the deposits and withdrawal from Banks and also opening and closing cash in hand.
Working Capital: It includes such portion of the Reserve Fund and other reserve appropriated out of the profits, paid up Share Capital, Loans and Deposits Received and Debentures issued by a Cooperative Society as have not been locked up in Building and other fixed assets.
This Supersedes, All previous orders on the subject.
The above scales of audit fee applicable with effect from 26.9.1983 and will be paid by the concerned society on approval from this office.
Cooperative Societies, Delhi Admn.
Last Updated Date :- 22-06-2018
Page last updated on: 21-10-2021