sec.322Exemptions from National Regulations

sec.322 Exemptions from National Regulations

The Registrar may, by designated instrument, exempt— a specified co-operative, a specified person or firm proposed to be appointed as an auditor, or a specified director or auditor of a co-operative; or a specified class of co-operatives, a specified class of persons or firms proposed to be appointed as auditors, or a specified class of directors or auditors of co-operatives; from compliance with a provision of the National Regulations made under this Part. The exemption may— be expressed to be subject to conditions; and be indefinite or limited to a specified period; and if indefinite, be expressed to commence on a specified date. (sec.322-ssec.1) The Registrar may, by designated instrument, exempt— a specified co-operative, a specified person or firm proposed to be appointed as an auditor, or a specified director or auditor of a co-operative; or a specified class of co-operatives, a specified class of persons or firms proposed to be appointed as auditors, or a specified class of directors or auditors of co-operatives; from compliance with a provision of the National Regulations made under this Part. (sec.322-ssec.2) The exemption may— be expressed to be subject to conditions; and be indefinite or limited to a specified period; and if indefinite, be expressed to commence on a specified date.

• (a) a specified co-operative, a specified person or firm proposed to be appointed as an auditor, or a specified director or auditor of a co-operative; or
• (b) a specified class of co-operatives, a specified class of persons or firms proposed to be appointed as auditors, or a specified class of directors or auditors of co-operatives;
• (a) be expressed to be subject to conditions; and
• (b) be indefinite or limited to a specified period; and
• (c) if indefinite, be expressed to commence on a specified date.