Appointment of auditor empowers the Board to commission a qualified auditor with inspection powers over debenture trustees. Regulation 24 empowers the Board to appoint a qualified auditor to investigate a debenture trustee's records or affairs; the auditor holds the same ... Summary
Appointment of auditor empowers the Board to commission a qualified auditor with inspection powers over debenture trustees.
Regulation 24 empowers the Board to appoint a qualified auditor to investigate a debenture trustee's records or affairs; the auditor holds the same inspection powers as the inspecting authority in regulation 19 and the investigation is subject to the debenture trustee's obligations under regulation 21, with "qualified auditor" defined by the Companies Act provision.
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