(b) to require the production of any book or document relating to the affairs of,
or any cash or securities belonging to the society from the officer, agent,
servant or member in possession of such book, documents, cash or
securities.
(6) An auditor appointed under this section shall submit a detailed audit report
of the accounts and balance sheet to the executive committee of the society and a
true copy of accounts and balance sheet to the Registrar within three months after
the end of the society’s financial year, which report shall include the auditor’s
opinion on whether or not the administration of the society has been conducted—
(a) efficiently and in accordance with the standard accounting methods;
(b) in accordance with the society’s objectives, articles and rules or any other
decisions made by the Annual General Meeting.
(7) Where the executive committee fails to cause the auditing of accounts in
accordance with this section, the executive committee of that society shall be
deemed to have relinquished the office; and the Registrar shall convene a special
general meeting to elect a new committee unless the Registrar is satisfied that the
failure was due to circumstances beyond the committee’s control.
70. Estimates and expenditure
(1) Every executive committee of a registered society shall cause estimates of
the income and expenditure of the society to be repapered for the coming twelve
months at least three months before the end of its financial year and a copy of the
estimates shall be sent to the Registrar for an opinion before they are submitted to
the general meeting.
(2) Supplementary estimates may be prepared by a society during the financial
year and submitted to the registrar for an opinion before they are submitted to the
Annual General Meeting.
(3) If a society contravenes or fails to comply with any provision of this
section, the society and any officer or person who purports to act on its behalf
commits an offence and is liable to a fine not exceeding fifty currency points and in
the case of a continuing offence to a further fine not exceeding two currency points
for each day on which the offence is continued.
71. Voluntary amalgamation of societies
(1) Any two or more registered societies may, with the prior approval of the
Registrar, amalgamate into a single society.
(2) An amalgamation referred to in subsection (1) shall not take place unless—
(a) a general meeting of each of the societies has been called;
(b) each member of the society has had a clear notice of fifteen days of the
meeting; and