Rule 22. Auditor

The audit shall be conducted by an auditor authorized to audit the accounts of companies under section 141 of the Companies Act, 2013:

Provided that,-(i) where the membership of a registered Trade Union did not, at any time during the year ending on the 31st December, exceed 2000, the annual audit of the accounts may be conducted,-(a) by any auditor authorized by the State Government to examine public accounts; or

(b) by a Chartered Accountant.

(ii) where the membership of a registered Trade Union did not, at any time during the year ending on the 31st day of December, exceed 1,000, the annual audit of the accounts may be conducted by any auditor appointed to conduct the audit of Co-operative Societies by the Government or by the Registrar of Co-operative Societies.

(iii) where the membership of a registered Trade Union did not, at any time during the year ending on the 31st December, exceed 250, the annual audit of the accounts may be conducted by any two ordinary members of such registered Trade Union who were not in the executive committee of Trade Union during the period to which the accounts pertain.

(iv) where the registered Trade Union is a federation of Trade Unions and the number of such unions affiliated to it at any time during the year ending on the 3ist December, did not exceed 50, 15 or 5, respectively, the audit of the accounts of the federation may be conducted as if it has not, at any time during the year had a membership of more than 2,000, 1,000 or 250 respectively.