law: Co-Operative Societies Act 2008 
  128.
  
  Disqualifying auditor
  1.      Subject to subsection
  
  (7), an individual is not qualified to be an auditor of a society if he is not
  
  independent of the society and its member societies, and of the directors and
  
  officers of the society and its member societies.
  2.      For the purposes of
  
  this section whether or not an individual is independent is a question of fact
  
  to be determined having regard to all the circumstances.
  3.      An individual is
  
  presumed not to be independent of a society if he or his business partner—
  a.     
  
    is
  
  a member, a director, an officer or an employee of the society or any of its
  
  member societies or a business partner or employee of any director, officer,
  
  member or employee of any such society, or its member societies;
  b.    
  
    is
  
  a member of a Credit Committee or any other committee of the society or any of
  
  its member societies; or
  c.     
  
    transacts
  
  a substantial amount of business with the society or a member society thereof.
  1.      
  2.      
  3.      
  4.      The provision of
  
  professional advice by or on behalf of an individual or his business partner
  
  does not by itself deprive an individual or his business partner of his
  
  independence for the purposes of this section.
  5.      An auditor who
  
  becomes disqualified under this section must, subject to subsection (7), resign
  
  forthwith after he becomes aware of his disqualification.
  6.      A member of a society
  
  may apply to the Registrar for an order or the Registrar may, upon his own
  
  motion, make an order declaring an auditor disqualified under this section and
  
  the office of auditor vacant.
  7.      A member of a society
  
  may apply to the Registrar for an order or the Registrar may, upon his own
  
  motion, make an order exempting an auditor from disqualification under this
  
  section; and the Registrar may, if he is satisfied that an exemption would not
  
  adversely affect the members, exempt the auditor on such terms as he thinks
  
  fit.