Indian Ministry of Cooperation has consolidated two separate auditor panels for Multi-State Cooperative Societies and Banks into a single panel for the financial year 2024-25. This merger modifies a previous order, combining panels for societies with turnovers/deposits both above and below five hundred crore rupees. The resulting unified panel now comprises 9,822 Chartered Accountant (CA) firms, enabling them to conduct both Statutory and Concurrent Audits. The original conditions regarding auditor appointment, tenure, eligibility, and disqualification remain unchanged. Auditors already appointed from the previous panel will continue under the merged structure, ensuring a seamless transition. This order, issued by the Office of the Central Registrar of Cooperative Societies, aims to streamline the audit process for these cooperative entities.
No. L-11012/02/2023-L&M
Government of India
Ministry of Cooperation
Office of Central Registrar of Cooperative Societies
******
9th Floor, Tower ‘E’, World Trade Centre,
Narouji Nagar, Safdarjung Enclave,
New Delhi 110029
Dated 21st March, 2025
ORDER
Subject: Merger of Panels of Auditors for Multi-State Cooperative Societies (including Banks) for FY 2024-25-reg.
In partial modification of this office order of even number dated 03.10.2024, two separate panels of Auditors are hereby merged into a single panel for multi-State cooperative societies including multi-State cooperative Banks having an annual turnover/ deposit (as the case may be) of more than five hundred crore rupees for appointment as auditors to carry out Statutory and Concurrent Audit. The following modifications are hereby notified for the Panel of Auditors for FY 2024-25.
1. Panel for multi-State cooperative societies having an annual turnover/ deposit (as the case may be) of up to five hundred crore rupees for carrying out Statutory Audit consisting of 9051 CA firms;
2. Panel for multi-State cooperative societies including multi-State cooperative Banks having an annual turnover/ deposit (as the case may be) of more than five hundred crore rupees for carrying out Statutory and Concurrent Audit consisting of 9822 (9051 + 771) CA firms.
2. The conditions governing the appointment, tenure, eligibility, and disqualification etc. of auditors shall remain the same as specified in the previous order dated 03.10.2024.
3. The auditors appointed in Multi-State Cooperative Societies (including Banks) before the notification of this order from the panel of auditors notified for FY 2024-25 shall continue to be part of the merged panel for FY 2024-25, ensuring a smooth transition.
This issues with the approval of the Competent Authority.
(Nisha Sagar)
Assistant Commissioner (Cooperation)
To,
All Multi-State Cooperative Societies/ Banks.
Copy to:
1. PSO to Secretary (Cooperation).
2. Computerization team, Office of CRCS for uploading on the website.
3. Guard file.
