- Once at least in every year the accounts of the Company shall be examined and the correctness of the Balance sheet and profit and loss account ascertained by more auditor or auditors.
- At each annual general meeting the Company shall appoint an auditor or auditors to hold office still the next annual general meeting and his or their appoinment,remuneration,rights and duties shall be regulated by Dictions 210 to 213 of the Act.
- The auditors shall be entitled to receive notice of and to attend any annual general meeting of the company at which any accounts have been examined or reported on by them are to be laid before the Company and may make any statement or explanation they desire with resprct to the account.
- Every accounts of the Company when audited and approved by general meeting of the Company shall be conclusive except as regards to any errors discovered therein within three months next after the approval thereof.Whenever any such error is discovered within that period the accounts shall forthwith be corrected and henceforth shall be conclusive.
