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umesh mishra (Manager)     26 March 2024

Sra society audit compliance

Hi sir, I am residing in SRA society since last 22 years and we have two wings, which is governed by separate committee since begining. However under SRA, both the wings are registered as a single unit and we had formed a parent body to represent our society before SRA for both wings together.

We have been preparing our yearly financials for A wing and holding AGM for acceptance of the Balance sheet and Income & Expenditure account. However the other comitee which is managing B wing, do not hold any AGM or prepare any financial statements.

Due to this the audit for combined society is pending since last 22 years, as we have a single PAN for both wings.

In this regard, we gave letter to B wing to prepare financials and share with auditor, so that combined balance sheet could be prepared, but they are not replying to our letters.

What should be our action in this case. Should we report this to SRA or to Registrar of society.


 2 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     27 March 2024

U can bring the notice  to registrar of societies 

T. Kalaiselvan, Advocate (Advocate)     27 March 2024

You can call for an extra meeting of the association, discuss the issue and can discuss to resolve to split the association into two and formally snap ties with the other non cooperating association for this purpose alone.

Let them submit their report of their association on their own through their auditor.

Your association has to take an appropriate decision instead of stretching the time by waiting for them to co-operate.

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