Rule 54. Audit under clause (j) of section 7

(1) Save as provided in sub-rules (2), (3), (4) and

(5) of these rules, the annual audit of the account of any registered Trade Union shall be conducted by an auditor authorized to audit the accounts of companies under section 139 and section 141 of the Companies Act, 2013.

(2) Where the membership of a registered Trade Union did not at any time during the year ending on 31st December exceed 2000, the annual audit of the accounts may be conducted—

(a) by any examiner of local fund accounts; or

(b) by any local fund auditor appointed by the State Government; or

(c) by the person, who, having held an appointment under Government in any audit or accounts departments, is in receipt of a pension of not less than Rs. 22,000 per mensem.

(3) Where the membership of a registered Trade Union did not at any time during the year ending on 31st December exceed 1000, the annual audit of the accounts may be conducted—

(a) by any person, who, having held an appointment under the Government in any audit or accounts department, is in receipt of a pension from Government of not less than Rs. 17,000 per mensem, or

(b) by any auditor appointed to conduct the audit of any co-operative societies by the Government or by the Registrar of Co-operative Societies or by any State Co-operative organization recognized by the Government for this purpose.

(4) Where the membership of a registered Trade Union did not at any time during the year ending on the 31st December, exceed 500, the annual audit of the accounts may be conducted by any two members of the Union.

(5) Where the registered Trade Union is a federation of Trade Unions, and the number of unions affiliated to it at any time during the year ending on the 31st December, did not exceed 50, 15 or 5, respectively, the audit of the accounts of the federation may be conducted as if it had at any time during the year had a membership of more than 2,000, 1000 or 500, respectively.