Mcs act 1960 section 75 clarification

The procedure for rectifying an audit report for a housing society is as follows

The management committee must rectify the errors within three months of receiving the audit report.

The committee must submit Form O to the auditor, upload it on the cooperative website, and have the auditor upload it from their login.

After rectifying the errors, the committee should show the report to the auditor and get their remarks.

The committee must submit the report to the Registrar's office.

If the society fails to rectify the errors, the Registrar may take steps to rectify them and recover the expenses from the society

Very well analysed, opined and advised by learned senior expert Mr. T Kalaiselvan, which I fully agree and endorse.

To add to it, the MC shall have to get the audited report with objections duly rectified/ removed to be presented and passed by another AGM / SBGM before submission to RCS.