Here’s the article in markdown format:

Accountability and Regulation of Registered Organizations

As a registered organization, it is essential to understand the laws and regulations that govern its operations. Here are some key points to note:

Accountability of Officers and Members

• Members of the organization or the Registrar can sue the treasurer or other officers in court to recover property, assets, or funds.
• This ensures accountability among officers and members, promoting transparency and good governance.

Annual Statements and Reporting Requirements

The treasurer is required to submit annual statements, which must include:

• Revenue and expenditure for the previous year
• Assets and liabilities at the end of the year
• Audit certificate from a designated auditor
• Number of fully paid-up members
• Names and addresses of current office-holders
• Changes to rules or officers during the year

These statements provide stakeholders with essential information about the organization’s financial health and operations.

Registrar’s Power and Inspection Rights

The Registrar has the power to:

• Request additional information or documents from the treasurer or other officers.
• Inspect the register of a registered organization to verify its membership.
• Ensure compliance with regulations and orders.

This enables the Registrar to monitor the organization’s activities and enforce compliance with laws and regulations.

Public Access and Transparency

Members are entitled to receive copies of statements, accounts, and audit certificates without charge. The treasurer must also post copies of these documents in a conspicuous place at each office.

This promotes transparency and ensures that members have access to essential information about the organization’s operations.

Penalties for Non-Compliance

Failure to comply with regulations or orders can result in fines or imprisonment. Upon conviction, the organization or officer may be ordered to deliver statements, accounts, or other information to the Registrar.

It is essential for registered organizations to comply with these regulations and laws to maintain their good standing and reputation.