Arrêté grand-ducal du 30 août 1918 portant règlement sur le contrôle des sociétés coopératives.

AI-assisted research summary: This is the preamble to a grand-ducal order on the control of cooperative societies.

AI-assisted research summary: Cooperative societies must be reviewed at least once a year by a competent outside auditor, and their administrators must notify the Government of the society’s constitution within 15 days of the constitutive deed.

AI-assisted research summary: The Government appoints the reviseur, normally on the society’s proposal, and must appoint one ex officio if no proposal reaches it within three months.

AI-assisted research summary: The Government may give cooperative federations the power to appoint the auditor if their affiliated-society control is part of their purpose and they comply with articles 4 and 5; once granted, the federation must make the appointment within three months.

AI-assisted research summary: Les administrateurs doivent déposer un original de l’acte au Gouvernement dans les quinze jours si la fédération est constituée par acte sous seing privé.

AI-assisted research summary: The federation’s administrators must notify the Government at least 8 days before any general meeting and file specified documents with the Government within set deadlines.

AI-assisted research summary: The reviseur must be qualified, follow the regulation and instructions, keep strict confidentiality, and the mandate cannot exceed three years; the Government may revoke the reviseur at any time.

AI-assisted research summary: Company administrators and other agents must give the auditor all necessary facilities and allow inspection of cash, accounting books, goods, commercial papers, securities, and any other papers.

AI-assisted research summary: The reviser must certify the double-check in the accounting books with the date, and the administrators must record the revision date and the reviser’s name in the register.

AI-assisted research summary: Le reviseur doit rédiger son rapport au plus vite et y mentionner toutes les irrégularités et contraventions constatées.

AI-assisted research summary: The report must be sent to the Government and the company concerned, and in some cases also to the federation’s specially appointed agent.

AI-assisted research summary: The company’s administrators must place the report on the agenda of the next general meeting.

AI-assisted research summary: The Government may withdraw a federation’s right to appoint the auditor if the federation does not comply with the applicable legal, regulatory, or statutory rules, or acts outside its corporate purpose.

AI-assisted research summary: Chaque société doit supporter les frais de son contrôle annuel; le Gouvernement fixe les règles de calcul des émoluments et frais du réviseur, tranche les difficultés d’application et peut édicter des prescriptions de détail.

AI-assisted research summary: If the revision rules are breached, the administrators of federations and companies are personally and jointly liable for the resulting damage, and anyone who breaches this regulation may be fined from 50 fr. to 10,000 fr.

AI-assisted research summary: The Minister of State, President of the Government, and the Director General of Justice and Public Instruction are responsible for carrying out this order.