Yes, in India, it is generally mandatory for registered societies to conduct audits every year, though the exact requirement depends on the law under which the society is registered.
Societies registered under the Societies Registration Act, 1860 and respective State amendments are required to maintain proper accounts and get them audited annually by a chartered accountant or approved auditor.
Housing societies, cooperative societies, and welfare associations also have compulsory annual audits under state-specific cooperative or apartment laws. Annual audits ensure financial transparency, statutory compliance, and accountability to members and authorities.
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Is it mandatory for societies to conduct audits every year?
Sanjay Chauhan
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2025-12-12T09:41:15+00:00 2025-12-12T09:41:16+00:00Comment
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