1. The co-operative societies are required to prepare within two months of the completion of the financial year and present their annual accounts to their members
2. The financial statements specified are:

• Trading and profit and loss accounts,
• Statement of source and application of funds,
• Balance sheet,
• Report signed by or on behalf of its board with respect to the state of affairs of the society,
• Auditor’s report, and
• Observations of the Registrar-General on the accounts and balance sheet of the society.

3.  A copy of the duly audited financial statements has to be submitted to the Registrar-General at least thirty days before the annual general meeting.