For the purposes of sections 62 to 68 of the Act and subject to the Act and bye-laws, the supervisory committee shall—
(a) meet immediately after the first annual general meeting and immediately after each annual meeting of the society to organise 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 but not less than once per quarter, whether the provisions of the Act, regulations, bye-laws and the relevant policies have been complied with—
(i) in making loans, including loans to officials, business loans and loans to organisations, associations and corporations,
(ii) in respect of any overdrawing from deposit accounts,
(iii) in the administration of members' accounts,
(iv) in the maintenance of the minutes of meetings of the board and the credit committee;
(e) receive and investigate any complaints made by members of the society about management of the society;
(f) monitor the management of the society;
(g) ensure that the society complies with the provisions of the Act, regulations and bye-laws; and
(h) verify the assets of the society and monitor whether the assets are properly protected.