Section 233A - Power of Central Government to direct special audit in certain cases.

Special audit powers permit government-ordered audits when company management threatens solvency or prudent commercial practice.

Central Government may order a special audit where company management breaches sound business principles, endangers solvency, or risks trade or industry interests. A chartered accountant or the company's auditor may be appointed as special auditor, who has the same powers as an ordinary auditor but reports to the Government. The report must include matters required of an auditor and any additional matters directed. The Government can require persons to furnish information, impose fines for non-compliance, act on the report or, if no action within four months, circulate the report to members. Audit expenses are fixed by the Government and payable by the company, recoverable as land revenue arrears.