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of <h1>Government May Exempt Company's Branch from Section 228 Audit Requirements Based on Specific Conditions and Justifications</h1> The Central Government may exempt a company's branch office from section 228 requirements upon application, following an inquiry. Exemptions can be granted if the company has satisfactory account scrutiny arrangements, uses a qualified employee for branch audits, faces unavailability of cost-effective branch auditors due to the branch's activity level, or if other reasons justify exemption. Orders specify the exemption's extent, duration, and conditions, and must be communicated to the company and its auditor, and presented at the next general meeting. The company's auditor retains rights concerning branch office accounts under section 228(2).
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