Co-operative Societies Act 1979 · 2020 Revised Edition · Part 4 · Rights and Liabilities of Members
42A. Statement of account
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Every credit society must provide to each member of the society, within 6 months after the close of each financial year, a statement of account (in hard copy form or in electronic form, as the society may determine) containing particulars of each financial transaction between that member and the society in that financial year.
credit society
“credit society” means a society which is registered as a credit society;
In addition, a credit society must, within the prescribed period after receiving a member’s request, provide to the member a statement of account (in hard copy form or in electronic form, as the society may determine) containing particulars of each financial transaction between that member and the society in the 6 months preceding the date of receipt of the member’s request.
society
“society” means a co-operative society registered under this Act and includes a primary society, a secondary society and an apex organisation;