law: Co-Operative Societies Act 2008 
  16.
  
  Supervisory committee
  For
  
  the purposes of sections 62 to 68 of the Act and subject to the Act and bylaws,
  
  the Supervisory Committee shall-
  a.      meet after the first
  
  Annual General meeting and after each annual general meeting of the society, as
  
  soon as is reasonable, to organize for the current year;
  b.     appraise the policies
  
  and operating procedures of the society and make recommendations to the Board
  
  and to the Credit Committee;
  c.      attest to the monthly
  
  and annual returns filed in compliance with sections 124 and 141 of the Act;
  d.     determine
  
  periodically and not less than once every quarter whether the provisions of the
  
  Act, Regulations, by-laws and relevant policies have been complied with-
               
  
   i.        
  
    in
  
  making of loans including loans to officials, business loans and loans to
  
  organizations, associations and corporations;
              
  
   ii.        
  
    in
  
  respect of any overdrawing from deposit accounts;
             
  
   iii.        
  
    in
  
  administration of members’ accounts; and
             
  
   iv.        
  
    in
  
  the maintenance of the minutes of meetings the Board and Credit Committee;
  a.        
  b.        
  c.        
  d.        
  e.      receive and
  
  investigate complaints made by members of the society about the management of
  
  the society;
  f.      monitor the
  
  management of the society;
  g.     ensure that the
  
  society complies with the Act, Regulations and bylaws; and
  h.      verify the assets of
  
  the society and monitor whether the assets are properly protected.