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Office of The
Registrar Cooperative Societies [Delhi Admn.]
Court's Building, Parliament Street,
New Delhi-110 001
No. F-101/35/Misc./Audih/Coop./1539 Dated: 1.11.1989
In pursuance of the powers conferred under Rule 85 of Delhi Cooperative Societies Rules, 1973 and in supersession of previous orders, I, K.S.MEHRA, Registrar of Cooperative Societies Delhi, do hereby lay down the following scales of Audit Fee payable to Chartered Accountants in respect of Cooperative Societies Registered under the Delhi Cooperative Societies Act, 1972.
Audit Fee norms in respect of Urban Cooperative Thrift & Credit Societies and Banks.
For First 5 lakhs of Working Capital Rs. 1 .50 per 1000
For Next 10 lakhs of Working Capital Rs. 1.00 per 1000
For Next 15 lakhs of Working Capital Rs. 0.75 per 1000
For Next 20 lakhs of Working Capital Rs. 0.50 per 1000
For Next 50 lakhs of Working Capital Rs. 0.35 per 1000
For Remaining Balance of Working Capital Rs. 0.15 per 1000
Audit Fee norms in respect of Consumer Cooperative Store.
For First 5 lakhs of Sales Rs. 1.50 per 1000
For Next 10 lakhs of Sales Rs. 1.00 per 1000
For Next 15 lakhs of Sales Rs. 0.75 per 1000
For Next 20 lakhs of Sales Rs. 0.50 per 1000
For Remaining Balance of Sales Rs. 0.15 per 1000
Audit Fee norms in respect of other Societies such as Housing, Industrial, Agricultural, Credit and Non-Credit Societies etc.
For First 5 Iakhs of Turnover Rs. 1.50 per 1000
For Next 10 lakhs of Turnover Rs. 1.00 per 1000
For Next 15 Iakhs of Turnover Rs. 0.75 per 1000
For Next 50 lakhs of Turnover Rs. 0.35 per 1000
For Remaining Balance of Turnover Rs. 0.15 per 1000
The minimum Audit Fee shall be As. 750/- and the maximum Rs. 50,000/- for all types of Primary Societies. The above Rates of Audit Fee are also applicable for Apex and big Institutions, besides:
i) No separate fee will be given for branches.
ii) However, 33% of the total Audit Fee shall also be paid in those cases where concurrent audit is 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 with drawls from banks and also Opening and Closing Cash in Hand.
Working Capital : It includes such portion of the Reserve Fund and other Reserved apportioned out of the Profit, paid up Share Capital, Loan and Deposits Received and Debentures is sued 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 are applicable from 1988-89 Annual Audit and 1989-90 concurrent audit onwards and will be paid by the concern Society on approval from this Office.
Cooperative Societies, Delhi Admn.
Last Updated Date :- 22-06-2018
Page last updated on: 21-10-2021