9911796707
TMI BlogAudit of accounts of branch office of company.X X X X Extracts X X X X X X X X Extracts X X X X ..... uditor of the company under section 226, or where the branch office is situate in a country outside India, either [2] [by the company's auditor or a person qualified as aforesaid] or by an accountant duly qualified to act as an auditor of the accounts of the branch office in accordance with the laws of that country. (2) Where the accounts of any branch office are [3] [audited by a person o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny in that meeting shall for the audit of those accounts appoint a person qualified for appointment as auditor of the company under section 226, or where the branch office is situate in a country outside India, a person who is either qualified as aforesaid or an accountant duly qualified to act as an auditor of the accounts of the branch office in accordance with the laws of that country, or autho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Board of directors if so autho rised by the company in general meeting. (4) Notwithstanding anything contained in the foregoing provisions of this section, the Central Government [5] [may make rules providing for the exemption of] any branch office from the provisions of this section to the extent specified in the rules and in making such rules the Central Government shall have regard to all ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ---------------------------- Notes:- [1] Substituted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 70, for "unless the company in general meeting decides otherwise, be audited". [2] Substituted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 70, for "by a person qualified as aforesaid". [3] Substituted by the Companies (Amendment) Act, 1960, Act 6 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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