Co-operative Societies Act 1993 s 62

s 62 Circumstances disqualifying a person from being approved or acting as auditor of a co-operative society

No person shall be approved to audit the accounts of a co-operative society or, where he is already approved as an auditor, shall audit the accounts of a co-operative society or do anything required to be done by an auditor under this Act if— (a) he is in any way indebted to the co-operative society or to any of its subsidiaries; (aa) he is a member of the co-operative society or a spouse to the officer of the co-operative society; (b) he is an officer of the co-operative society or a partner of such officer in any enterprise; (c) he is an employee of the co-operative society or a partner of such employee in any enterprise; (d) he is an employee of an officer of the co-operative society or an employee of such employee; or (e) he has been compounded or convicted of any offence under this Act, or the Companies Act 1965 or of any offence involving fraud or dishonesty under any other written law.

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Find Act 502 on lom.agc.gov.my ↗

Text as at 1 April 2015 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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