Rule 4 - Duty of Statutory Auditor to report on disqualification. - Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules,2003

Duty of Statutory Auditor to report on disqualification. 04. (a) It shall be the duty of statutory auditor of the appointing company as well as disqualifying company, as required under section 227(3)(f) to report to the members of the company whether any director is disqualified from being appointed as director under clause (g) of sub-section (1) of section 274 and to furnish a certificate each year as to whether on the basis of his examination of the books and records of the company, any director of the company is disqualified for appointment as a director or not. (b) It shall be the duty of the statutory auditors of the "disqualifying company" as required in section 227(3)(f) to report to the members of the company whether any director in the company has been disqualified during the year from being re-appointed as director, or being appointed as director in another company under clause (g) of sub-section (1) of section 274.