2) Whether the Society accept savings/fixed deposit from members & non-members by maintaining adequate fluid resources according to standard laid down by RCS(O) under Rule-50 of OCS Rules, 1965. 3) Whether the stipulations made under Rule-49(6) of OCS Rules is complied, if the society take up current account deposit business. Details of Fixed Assets Volume/Quantity Purchase Value Book Value Loans and Advances with rate of interest. Loans & Advances financed during the year of audit along with its comparison to the previous year. The details of collection made during the year need be furnished. D.C.B Principal- Demand, Collection and Balance of loans during the year. Interest- Demand, Collection and Balance of Interest during the year. (Details to be given in statement) Audit Observation 100% checking Loans & advances be made to find out whether. Schemes of loans are approved by competent authority. Sanction is made as per Rule of business. Proper documentation made credit approval security obtained. Post sanction utilisation of loan is ensured. Bad & Doubtful Assets and Provision thereof A detailed statement to this effect showing Bad & Doubtful assets and provision to the extent of its requirement is to be prepared. Audit observation Whether Bad & Doubtful assets have been assessed and provisions made in terms of circular instructions issued to this effect. Amount of provisions made during the year. Amount of provision made at the close of the year. Amount of provision made against O.D loans and interest. Legal action taken for recovery of O.D loans. Notes on action taken by the society for realisation of O.D loans. Cases pending with legal forum.
Sl. No. Particulars Dispute stage E.P Stage No. Amount No. Amount 01 Pending at the beginning of the year 02 Cases filed during the year Total:- 03 Cases disposed during the year 04 Cases pending for finalisation Cases pending for E.P at Society level. Sl. No. Particulars No. Amount i. Decrease at the beginning of the year pending for E.P ii. Decree received during the year total iii. After mutual recovery, decree disposed iv. After E.P, decree disposed v. Decrees pending at the end of the year. Budget (Details of Budget along with approval and expenditure against the provision) Projected income & expenditure. Sl. No. Particulars Projected income Actual income Projected expenditure Actual expenditure Excess/ Less (1) (2) (3) (4) (5) (6) (7) Audit observation Reconciliation of Accounts: Sl. No. Particulars G.L Balance Subsidiary balance Difference Persons responsible (1) (2) (3) (4) (5) (6) (Observation of Audit be given along with balance confirmation certificate) Realizable amount from employee and other officials of the society as per Balance sheet along with action taken. a) Total No. of persons involved b) Total amount for recovery (Details be given in statement) Detail notes on a) Bills receivable b) Sundry Creditors
7) Details of Sundry Debtors as on 31.03.______________. Sl. No. Name of the Party Amount outstanding as at end of previous year Amount outstanding as on 31.03.__________________. (1) (2) (3) (4) 8) Details of Sundry Creditors. Sl. No. Name of the Party Amount outstanding as at the end of previous year Amount outstanding as on 31.03.__________________. (1) (2) (3) (4) 9) Audit Recovery statement as on 31.03._______________. Sl. No. Name of the Person with designation Amount recovered as on 31.03_____________________. Reasons (1) (2) (3) (4) 10) Statement on D.C.B on principal as on 31.03._______________. Sl. No. Category of loan Scheme of loan O.D at the beginning of the year Demand during the year Total demand Collection during the year Balance O.D at the close of the year % of collection. (1) (2) (3) (4) (5) (6) (7) (8) (9) 11) D.C.B on Interest as on 31.03._______________. Sl. No. Category of loan Scheme of loan O.D at the beginning of the year Demand during the year Total demand Collection during the year Balance O.D at the close of the year % of collection. (1) (2) (3) (4) (5) (6) (7) (8) (9)