MANUAL-1 

Particulars of Organization, Functions & Duties

[Section-4 (1) (b) (i)]

1) Aims and Objectives of the Organization:

  The main objective of the Public Authority is to audit U/S 62 of O.C.S. Act. The different types of cooperative societies registered under O.C.S. Act 1962 like Urban Coop. Bank, Central Coop. Bank, LAMPCS, CARD Bank, W.C.C. Store, Milk Union, R.C.M.S., P.C.C. Store, H.B.C.S, Empl. Cr.C.S, L.I.C.S., F.M.C.S., Multi purpose C.S, J.F.C.S, S.C.S, Other C.S., Cold Storage, TM.C.S, W.C.S., Dairy C.S, Poultry C.S, P.F.C.S, Industrial C.S and G.M.C.S. It also initiate Surcharge Proceeding U/S 67 and disposal of compliance reports U/S 58 of O.C.S. Act 1965 on audit finding of the above societies.

2) Mission/ Vision:

   An independent self reliant, Spontaneous and Vibrant Co-operative movement concerned for the community in general and week in particular by inspiring mutual help and Coop. Values with honesty, Dignity, Proactively, Responsiveness, Commitment and Professonalisation for regeneration of sustained and planed economic growth and Socio Cultural upliftment of the People of Odisha.

3) Brief History of the Public Authority:

     The office of the Public Authority was started its functioning from Dt.1.7.1976. The office exercise power of jurisdiction to all 17 Blocks of the Sundargarh Dist. namely Sadar, Hemgir, Lephripara, Tangarpali, Bargaon, Balisankara, Subdega, Kutra, Rajgangpur, Kuarmunda, Nuagaon, Bisra, Lathikata, Lahunipara, Gurundia, Koida, Bonaigarh.. It is created to examine and evaluate the financial as well as civil nature of activities carried out by the societies during a financial year, and to initiate legal proceeding and compliance of audit findings.

4) Duties of the Public Authority:

     The duties of the Public Authority is to arrange for statutory annual audit, initiation of Surcharge Proceeding, Compliance of audit detect and collection of audit fee as Govt. revenue under Coop. Act 1962 and Rule 1965 and guide them to cope with the present scenario of recent development of cooperative movement..

5) Main Activities/ Functions of the Public Authority: 

i) To audit the accounts of the societies and to examine the non financial activities U/s 62 of O.C.S. Act, 1962.
ii) To initiate Surcharge proceeding U/S 67 of O.C.S. 1962 against person responsible on the finding of the audit report.
iii) To dispose compliance reports prepared by the C.S on findings of the audit reports U/S 63 of O.C.S Act, 1962 and Rule 58 (A) of O.C.S Rules 1965.
iv) To collect Govt. Revenue as audit fee from societies for conducting audit in shape of Treasury challan. 

6) List of Services being provided by the Public Authority:

i) To provide financial information for better development of the societies.
ii) To provide information of up to date management information system to cope with the development of economy in the present scenario.
iii) To restore the assets of the societies through legal proceeding of noticed by the audit report, Inspection report or by the Liquidator.
iv) To enable the management to evaluate the financial viability and stability of the society.

7) Expectation of the Public Authority from the Public for enhancing is effectiveness and efficiency:

    An active participation of members and citizen in co-operative movement by accepting membership in co-operative societies for their economic growth is badly needed.